Clause 319 - Assessment of persons likely to transfer property to avoid tax.

Assessment of asset transfers: officer may tax current year income if assets are likely disposed to avoid tax liabilities.

Assessing Officer may assess a person's total income for the current tax year from its first day until commencement of proceedings where the person appears likely to dispose of assets to avoid tax; the clause brings such income into the current year as chargeable to tax. The procedural provisions in section 317(2)-(6) apply, so far as may be, to proceedings under this clause, incorporating corresponding procedural mechanisms into these special assessments.