Section 100A: The case that needs to run
Source: The Tax Specialist Journal Article
Published Date: 1 Feb 2021
The meaning of ordinary family or commercial dealing in s 100A is unclear. This article demonstrates that the reasons for decision of Hill and Sackville JJ in Prestige Motors point the way to the meaning of the phrase " it gives rise to a dominant purpose test. However, the task for taxpayers is not simple because s 100A was intended to have a broad application; to that end, the dominant purpose test will only be considered after tax avoidance has been presumed.
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Details
- Published By: Adam Craig
- Published On:1 Feb 2021
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