ATO – Income Tax Anti Avoidance Rules – When, Why & How?
Overview
Ever wonder when the ATO may seek to apply the income tax General Anti-Avoidance Rule (Part IVA) to a client’s arrangement? This session should answer those questions, so don’t miss out …
The session will cover:
- The history and context for Part IVA
- The major cases involving the ‘old’ Part IVA
- The cases whose outcome led to the ‘new’ (current) Part IVA
- The key features of the current Pt IVA provisions
- Scheme definition
- Tax benefit definition (current version)
- Sole or dominant purpose test (current version)
- Most recent cases on the current Part IVA law
- What the risks are for clients of Part IVA being applied to their cases
- How to help clients mitigate those risks, to the extent possible
- Areas of potential income tax avoidance where the ATO is concerned
- The ATO administrative process for managing Part IVA matters
Learning Outcomes:
Participants will gain an improved understanding of:
- How the current GAAR works
- What areas of tax compliance the ATO may be targeting
- What they should do to help clients manage Part IVA risks
Suited to:
Accountants, tax practitioners, BAS agents, lawyers and other practitioners serving small businesses, private groups and wealthy individuals.
This On Demand recording Includes:
- Recording of the Live Webinar, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Course syllabus
3 lessons
- Video – ATO – Income Tax Anti Avoidance RulesVideo
- Feedback Survey QuestionsSurvey
- Knowledge QuizTest
Your presenter
Bruce CollinsTax Controversy Partners
is the founder and principal solicitor at Tax Controversy Partners Pty Limited, currently helping clients to resolve all types of tax issues with the ATO and SROs. Before moving into private practice in 2017, Bruce worked for over 35 years in the Tax Office, a third of this time as a Senior Executive in what is now Client Engagement Group, covering most ATO functions. Bruce was the leader of the Technical & Case Leadership area in Private Wealth for several years prior to leaving the ATO, as well as having previously been the strategic and technical leader for many of the ATO’s Aggressive Tax Planning programs. Bruce was a member of the ATO’s General Anti-Avoidance Rule Panel for several years and was an ATO spokesperson on tax avoidance issues (including Part IVA and the Promoter Penalty Laws).
Bruce has an Accounting Certificate (1989), a First-Class Honours Degree in Law (1995), a Graduate Diploma in Legal Practice (1996), a Masters of Taxation (2003) and a Masters of International Taxation (2006). Bruce is a Chartered Tax Advisor with the Tax Institute, a member of the Law Society of NSW and is both a member of the Law Council of Australia and current Chair of their SME Committee.