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Part IVA Assessments: Can the Commissioner have his Cake and Eat it Too?

Published on 01 Apr 03 by "THE TAX SPECIALIST" JOURNAL ARTICLE

This article looks at the consequences that flow from the Commissioner's current administration practice of seeking to rely on more than one amended assessment when attacking the deductibility of payments made pursuant to so called Part IVA arrangements. It is concluded that a second amended assessment based on Part IVA can only be a valid assessment if the Commissioner concedes that the payment is otherwise deductible.

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Leigh BARING
Leigh Baring FTIA is a Partner at Maddocks Lawyers.
Current at 29 July 2008 Current at 05 September 2008 Click here to expand/collapse more articles by Leigh BARING.
 

 

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