Vol 21 No 7
Issued
01 Sep 2009

TIB - September 2009

Binding rulings

  • Product ruling BR Prd 09/07
  • Public ruling BR Pub 09/07: Provision of benefits by third parties – fringe benefit tax consequences – section CX 2(2)

Legal decisions – case notes

  • Director to represent companies in appeal
  • “Structured finance” transactions are tax avoidance arrangements
  • No exceptional circumstances to allow a challenge outside the response period
  • Decision to impose section HK 11 disputable
  • Legal expenditure allowed if meets “principal purpose” test