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07 February 2008
Categories:
Income Tax
To what extent would the draft legislation capture situations in which income arising from a company or partnership distribution has been shifted from one individual to another, for the purposes of gaining a tax advantage?
The main section of the legislation, setting out the four conditions, reads as follows:
(2) Income is shifted from Individual 1 to Individual 2 if conditions A to D are met.
(3) Condition A is that Individual 1
Categories:
Income Tax
