Income Tax Act 2007 section 649

New securities issued with extra return

Section 649 deals with the accrued income scheme treatment when an issuer makes a further tranche of securities identical to existing ones, and the new securities carry an extra return to reflect interest already accruing on the original securities.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.