Australia Taxation - Advanced Practice Questions - CPA Program Australia Taxation - Advanced Exam

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Part IVA of the Income Tax Assessment Act 1936 (the general anti-avoidance rule) can be applied by the Commissioner only where a scheme has been entered into for what purpose?

The dominant purpose of obtaining a tax benefit Any incidental purpose of reducing tax The sole purpose of avoiding GST A purpose of deferring income for commercial reasons

Correct Answer:

The dominant purpose of obtaining a tax benefit

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