Income Tax Act 2004

  • repealed
  • Income Tax Act 2004: repealed, on 1 April 2008, by section ZA 1(1) of the Income Tax Act 2007 (2007 No 97).
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