Published on 28 Feb 13
by QUEENSLAND DIVISION, THE TAX INSTITUTE
The proposed amendments are here and you will need to have an awareness of their impact when providing advice to clients on any proposed restructures. In this paper, the following issues are presented in a practical format, with case studies to demonstrate the issues:
the perceived mischief – is the taxpayer’s purpose relevant?
tax benefits – tax effects v non-tax effects
the new paradigm for counterfactuals
possible application of Part IVA to very simple transactions (this was never meant to happen!).
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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