Published on 01 Feb 08
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
On 20 August 2007 the Federal Court handed down its judgment in the case of Walters v Commissioner of Taxation which considered whether a series of transactions entered into by the taxpayers, resulting in a uplift of the cost base of shares in a company for CGT purposes was a sham and could be caught by the general anti-avoidance provisions in Part IVA of the Income Tax Assessment Act 1997 "ITAA 1997".
Vanessa is a Lawyer in Madgwicks Revenue Group.
- Current at
15 September 2017