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Tax analysis: Budplan and the ATO: ombudsman says handling of claims was "reasonable"

Published on 01 Jul 99 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

In his report the Ombudsman said the Commissioner's interpretation of the law as it applied to Budplan was reasonable and that the ATO's subsequent actions, including amending the assessments of the participants for the 1996 and 1997 financial. years and identifying the likely application of part IVA, were not retrospective, unjust or oppressive.

Author profile:

David EVANS
Prior to becoming a tax and business consultant, David spent over eight years with Pricewaterhouse Coopers' Taxation Services Employment & Wealth practice in Brisbane. David's core area of expertise is in providing taxation advice to high net worth individuals, business owners and professionals in the areas of business improvement, management, and transactions, as well as advising on matters relating to income tax, CGT, asset protection, superannuation and retirement planning and taxation structuring.
Current at 26 February 2004
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