Published on 06 Oct 06
by VICTORIAN DIVISION, THE TAX INSTITUTE
The policy behind Treasury’s long-awaited proposals relating to the taxation of financial arrangements (TOFA) remains unsettled. However, this presentation considers possible practical implications of TOFA for those outside of the finance sector, in relation to common-place transactions including:
- the acquisition or construction of major assets
- the disposal of significant assets on deferred settlement terms
- contracts such as lease and service agreements.
Current at 06 October 2005
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