2003

FCT v Mochkin: The fiction of 'personal services income'

Source: Victoria

Published Date: 25 Mar 2003

 
In FCT v Mochkin the Full Federal Court found that the general anti-avoidance provisions of Part IVA did not apply to arrangements set up by a taxpayer to conduct a stockbroking consultancy business. The Court's findings provided an important decision on the application of Part IVA to 'personal services income'.

This seminar considered the consequences of the decision in relation to:
- what is 'personal services income'
- how Part IVA applies to the derivation of personal services income
- the principles in Tupicoff
- insolvency planning v tax planning
- whether benchmark salaries are required
- how schemes under Part IVA are to be determined
- what constitutes objective evidence of purpose
- the creation and maintenance of records
- when the commissioner can change tax benefits.

Case Notes on FCT v Mochkin

Author(s): Michael Bearman CTA
Materials from this session:

Commentary on FCT v Mochkin

Author(s): Simon Matthews
Materials from this session:

Details

  • Published On:25 Mar 2003
  • Took place at:Seminar Room, Allens Arthur Robinson, Melbourne

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.

Tags

2003

Share this page