BA 3301 Lecture Notes - Lecture 42: Bruno Grollo, Farad, Double Taxation
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Be absolutely void (2) this section does not apply to any contract, agreement or arrangement made or entered into after 27 may 1981. In order to prevent narrow application of pt iva, s 177b(1) states that pt iva has primary status in the income tax legislation. (cid:120) priority of specific anti-avoidance rules applicable to tax deductions s 177b(2)-(4). Commissioner"s power (s 177f) (cid:120) cancel any tax benefit obtained. (cid:120) This was part of a broader arrangement. (cid:120) under s 177f, commissioner has discretion to cancel a tax benefit. Services ltd (1995) (cid:120) scheme: depositing money with a bank in the cook islands and associated transactions (guarantee, receipt of interest). Consolidated (cid:120) scheme: inclusion of an australian resident corporate entity as a participant within a. It must be related to the tax benefit. S 177c(1) a tax benefit in connection with a scheme:
