Income Tax Act 2004

Subpart BGAvoidance

BG 1 Tax avoidance
  • Avoidance arrangement void

    (1) A tax avoidance arrangement is void as against the Commissioner for income tax purposes.

    Reconstruction

    (2) Under Part G (Avoidance and non-market transactions), the Commissioner may counteract a tax advantage that a person has obtained from or under a tax avoidance arrangement.

    Defined in this Act: Commissioner, income tax, tax avoidance arrangement,

    Compare: 1994 No 164 s BG 1