2003

Service Trusts - Dealing with the ATO Survey

Source: Victoria

Published Date: 17 Jun 2003

 
The ATO has been issuing Surveys of Partnership and Service Trust Arrangements. Recipients of the Survey are required to respond within 28 days of receiving the Survey.

The survey's covering letter notes that the ATO 'has concerns about the commerciality of the arrangements including the fees paid...the way the cost base has been calculated and whether all costs have been fully recognised and the possible application of Part IVA'.

The survey seeks information on, among other things:
- the service provided to the partnership
- the structuring of the fee arrangements
- the commercial advantage to the partnership of acquiring the services from the service entity rather that an unrelated third party.

Before completing the survey you need to understand the types of arrangements the ATO will be seeking to identify and the action that it might take.

Service Trusts and the Commissioner's Current Interest

Author(s): Frank O'Loughlin CTA

Service Trusts - Dealing with the ATO Survey

Author(s): David Nettlefold

Details

  • Published On:17 Jun 2003
  • Took place at:Leonda by the Yarra, Hawthorn

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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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