Part IVA is a very wide reaching provision that voids a scheme entered into with the dominant purpose of a tax benefit. Whether you are caught by Part IVA requires consideration, among other things, of your intentions. It is accepted that this clause could be so widely interpreted that the ATO could use it in just about any circumstances. Accordingly, we cannot take responsibility for the ATO applying Part IVA to your arrangement.
Questions Outside of the Question Guidelines
If you are not sure that your question fits without our guidelines for this service do not worry we will let you know and refund your payment in full.
All questions are answered by Julia Hartman. As Julia is a registered tax agent giving tax advice, your fee for this service is tax deductible.
In addition to the Ask Ban Tacs, the BAN TACS Accountants group offer a selection of digital products to help you including Getting Your Affairs in Order which is designed to help you keep CGT records, The Property Cashflow Calculator and The Capital Gains Tax Calculator.