2024 Part IVA

Part IVA – A cause for concern

Published Date: 15 Feb 2024

 

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Already a Subscriber? Login now

General anti-avoidance rules, such as those contained within Part IVA of the Income Tax Assessment Act 1936 are an integral part to any tax system. The integrity measures contained within Part IVA are designed to protect the Australian tax system from blatant, artificial, or contrived arrangements. However, the recent decisions in Guardian and Minervia have given many practitioners and taxpayers reason for concern about the types of “schemes” Part IVA will apply to.

This session discusses the following:

  • They key outcomes in Guardian and Minervia cases with respect of Part IVA
  • How the “alternative postulate” can have adverse implications for taxpayers
  • Practical steps practitioners can take to help clients manage Part IVA risks; and
  • Promoter penalty reforms and what practitioners need to be aware of.

Details

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced 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.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

2024 Part IVA

Share this page