Words and Phrases - "fungible"
Ellison v Sandini Pty Ltd,  FCAFC 44
Summary UnderTax Topics - General Concepts - Ownership
family court order requiring the transfer of a portion of a larger bloc of shares likely did not result in a change in their beneficial ownership as the shares likely were not fungible
The text of this content is paywalled Mon.-Fri. except for the 1st full week of each month. Subscribe or log in for unrestricted access.
|Locations of other summaries||Wordcount|
|Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Disposition||family court order did not effect a change in beneficial ownership of a larger bloc of shares held by the original owner (and in any event, the order named the wrong person)||744|
|Tax Topics - Income Tax Act - Section 73 - Subsection 73(1) - Paragraph 73(1)(b)||subjective belief of parties that family court orders were efficacious did establish that a share transfer to a spouse occurred “because of” them||407|
|Tax Topics - General Concepts - Evidence||a court order could not be interpreted in light of extrinsic evidence||100|