General Anti-Avoidance Rule: Treat connected and accommodating parties as one, enabling look-through of corporate structures. Clause 182 authorises treating connected persons as one, disregarding an accommodating party, treating an accommodating party and another party as the ... Summary
General Anti-Avoidance Rule: Treat connected and accommodating parties as one, enabling look-through of corporate structures.
Clause 182 authorises treating connected persons as one, disregarding an accommodating party, treating an accommodating party and another party as the same person, and looking through corporate structures to determine whether a tax benefit exists, thereby enabling recharacterisation of arrangements that lack commercial substance and are designed to secure tax advantages.
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