What is required for Part IVA to apply? Select all that apply
A) A scheme
B) A tax benefit
C) A dominant purpose of obtaining a tax benefit from the scheme
D) A reduction in tax payable in some way
E) An admission from the taxpayer that they wanted to reduce their tax payable
Correct Answer:
Verified
Q21: What is tax avoidance?
A) Compliance with the
Q22: What is tax planning? Select the best
Q23: What is tax evasion?
A) Deliberately lying about
Q24: Tax evasion is ?
A) Legal
B) illegal
C) Legal
Q25: Which of the following are indicators of
Q27: Which of the following are tax benefits
Q28: What is an alternate hypothesis?
A) The transaction
Q29: Determining a taxpayer's purpose requires a consideration
Q30: What type of purpose must be present
Q31: If Part IVA applies, what action can
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