Published on 18 Mar 03
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
These tax rulings highlight the application of Part IVA of the ITAA 1936 to deny tax benefits associated with tax avoidance schemes.
TR 2002/18: INCOME TAX: HOME LOAN UNIT TRUST ARRANGEMENT
- examines arrangements where a taxpayer acquires a residential property through a unit trust and seeks to claim interest deductions for what is essentially private expenditure
- illustrates how Part IVA will apply to strike out tax benefits resulting from this arrangement.
TR 2002/19: INCOME TAX: LICENCE ARRANGEMENTS FOR INTELLECTUAL PROPERTY - DIVISION 40 - TAX AVOIDANCE SCHEMES
- examines arrangements under which a taxpayer obtains tax deductions under Division 40 in connection with the commercialisation of intellectual property where the taxpayer has little or no financial exposure to its success or failure
- illustrates the application of Part IVA to these arrangements.
Brett Zimmermann is a Senior Associate with DW Fox Tucker Lawyers and has practiced tax and commercial law for many years advising and assisting clients in many varied matters; the conduct and resolution of tax (& other) disputes, asset and business restructures, liquidations, trusts and equity law to mention the main. Brett lectures taxation law to both undergraduate and masters students at the University of Adelaide, and writes detailed commentary for leading legal commentary service Thomson Reuters, primarily in the area of capital gains tax and tax losses. Brett is also asked to present nationally and locally on capital gains tax, wine equalisation tax and SA’s landholder stamp duty provisions.
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17 August 2016