Miscellaneous 2013

The "new" Part IVA

Source: National

Published Date: 7 Nov 2013

 

The form of the government’s “new” Part IVA is now known and it also appears that there will be a renewed focus by the ATO on the possible application of PartIVA to transactions undertaken by SMEs that have regard to the tax outcomes. It will be critical for advisers to understand the changes and factor them into the advice provided.

This presentation examines:

  • do the amendments reflect a change in the policy of Part IVA and specifically, does the dominant purpose test remain untouched?
  • the operation and impact of the introduced “tax effects” element resulting in a new approach to assessing the “alternative postulates”
  • does the alternative postulate need to be reasonable any longer?
  • what is happening to the concept of “scheme”?
  • the key issues to consider when providing tax structuring advice.

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Individual Session

The "new" Part IVA

Author(s): Grant Wardell-Johnson
Materials from this session:

Details

  • Published By: Grant Wardell-Johnson
  • Published On:7 Nov 2013
  • Took place at:Sheraton, Noosa Resort and Spa

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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Miscellaneous 2013

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