Investment

Are Specified Private Activity Bond Interest Dividends Taxable?

In order to stimulate private sector investment in the development of specific facilities for specified public purposes, a Specified Private Activity Bond is issued. Included are exempt interest distributions provided by mutual funds that are related to similar activities. To avoid the AMT, interest from private activity bonds issued after August 7, 1986, must be […]

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Can A Company Limited By Guarantee Pay Dividends?

Under the Corporations Act 2001, a public corporation known as a company limited by guarantee can be registered (Corporations Act). Companies limited by guarantee, like all others, are subject to the Corporations Act’s rules and regulations. Members’ liability is restricted to the amount they agree to contribute in the event the business is wound up, […]

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