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Premium Leisure Corp. CGT Refund Ruling by kim is a document available to read on EtoBox.

PLC received real property through liquidating dividends from BBCC and paid capital gains tax (CGT) on the transaction. However, the CTA Third Division and En Banc both ruled that the receipt of liquidating dividends is not subject to CGT, but rather ordinary income tax, so PLC was entitled to a refund of the erroneously paid CGT. The CTA En Banc held that any gain received by stockholders from the dissolution and liquidation of a corporation

Author

kim

Language

EN