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dc.contributor.authorTEO, E
dc.contributor.authorBarros, C
dc.contributor.authorHinchliffe, SA
dc.date.available2017-03-14T22:16:35Z
dc.date.issued2016
dc.identifier.citationTEO, E., Barros, C. & Hinchliffe, S. A. (2016). Clash of the Deeming Provisions: Pre-Capital Gains Tax Concessions, Tax Consolidation and Policy in the Federal Court. Australian Tax Forum: a journal of taxation policy, law and reform, 31 (3), pp.509-525
dc.identifier.issn0812-695X
dc.identifier.urihttp://hdl.handle.net/11343/128043
dc.description.abstractThe Federal Court of Australia in Financial Synergy Holdings Pty Ltd v FCT endeavoured to effectively reconcile complex and inconsistent deeming provisions in relation to capital gains tax (CGT) and tax consolidation. The interpretative approach that was adopted at first instance resolved the matter directly at hand, but also raised a number of problems that may not have been immediately apparent. In one view, these seemingly unforeseen complications would arise because of the special rules that govern tax consolidation, and might manifest themselves: (1) on the wholesale or staggered disposal of membership interests in a subsidiary member by a consolidated group; and (2) in terms of the potentially narrow scope of the CGT concession created by the pre?CGT proportion provisions. This article therefore puts forward an alternative consideration of the interaction between the provisions at issue, an approach consistent with that adopted by the court on appeal and which addresses, to some extent, the problems that might be said to arise as a result of the approach that was accepted at trial.
dc.publisherTaxation Institute of Australia
dc.titleClash of the Deeming Provisions: Pre-Capital Gains Tax Concessions, Tax Consolidation and Policy in the Federal Court
dc.typeJournal Article
melbourne.affiliation.departmentAccounting
melbourne.source.titleAustralian Tax Forum: a journal of taxation policy, law and reform
melbourne.source.volume31
melbourne.source.issue3
melbourne.source.pages509-525
melbourne.elementsid1102584
melbourne.contributor.authorTeo, Eu-Jin
melbourne.contributor.authorHINCHLIFFE, SARAH
melbourne.accessrightsOpen Access


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