Commentary

D7.5170 Anti-avoidance rule – part of business transfer scheme conferring life assurance trade profits advantage

Corporate tax
Corporate tax | Commentary

D7.5170 Anti-avoidance rule – part of business transfer scheme conferring life assurance trade profits advantage

Corporate tax | Commentary

D7.5170 Anti-avoidance rule – part of business transfer scheme conferring life assurance trade profits advantage

The rules in this division apply for accounting periods beginning before 1 January 2013. For accounting periods beginning on or after 1 January 2013 see Division D7.4.

The second aspect of the TAAR applies in the case of a transfer in which any part of the transfer scheme and its relevant associated operations give rise to a life assurance trade profits advantage and the sole or main benefit of that part of the scheme was to obtain that advantage1. In this instance the legislation does

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