Once upon a time tax advisers often down played the risk that Part IVA would affect the promised tax outcomes from a transaction, but in light of recent cases this approach appears naA've. Nowadays when advising clients about minimizing tax it is essential that advisers also warn clients about the risk that Part IVA might apply. Unfortunately, whether Part IVA will apply is often unpredictable. The adviser therefore confronts a dilemma: how to advise clients who desire certainty about the potential application of a general anti-avoidance provision, the application of which is inherently uncertain. This seminar will examine the current interpretation of Part IVA, what clients should expect their advisers to tell them and how to minimize the risk of personal liabilities. Our three speakers have a wealth of experience in advising clients, advising advisers of clients and in preparing for, and arguing Part IVA cases in court.
Post transaction housekeeping
Author(s):
Peter Van Den Broek CTA
Materials from this
session:
Details
- Published On:4 Dec 2007
- Took place at:RACV Club, Melbourne
The material is copyright. Apart any fair dealing for the purpose of private study,
research critisism or review, as permitted under the copyright Act, no part may be rerpoduced 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.
This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
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2007
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