Anti-avoidance 2012

Income anti-avoidance and SMEs

Source: TAS

Published Date: 18 Oct 2012

 

Significant legislative changes to Australia’s anti-avoidance provisions, in response to court decisions perceived by the regulator to have shown up shortcomings in the existing Part IVA, have led to significant uncertainty when it comes to structuring commercial transactions in a tax-effective manner, both large and small.

This presentation focuses on the relevance of anti-avoidance rules to the affairs of SMEs and to ‘ordinary’ family dealings, including:

  • a brief look at the history of our anti-avoidance provisions, including recent decisions
  • a stocktake on the current state of play
  • the Commissioner’s stated approach to applying Part IVA to transactions typically undertaken by SMEs
  • a discussion on the practical implications for advisers.

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Author(s)

Individual Session

Income tax anti-avoidance and SMEs

Author(s): Karen Goodfellow CTA
Materials from this session:

Details

  • Published By: Karen Goodfellow CTA
  • Published On:18 Oct 2012
  • Took place at:Cradle Mountain Chateau, Cradle Mountain

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