FAQ

Tax Schemes
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.

. .
Have a question about tax you need answered?

. Ask your own tax question here for only $79.95