Guidance
GAAR Advisory Panel opinion of 25 January 2019: Individuals claiming relief for film related losses and split sale of interest in partnership
Use the GAAR Advisory Panel opinion on film related losses relief and split sale partnership interest to help you recognise abusive tax arrangements.
Documents
Details
Use this opinion together with the General Anti-Abuse Rule (GAAR) guidance to help you recognise abusive tax arrangements.
The opinion covers:
- previously allowed losses from a film partnership
- attempt to avoid income tax on future income
- split sale of partnership interest
It affects Income Tax.
The GAAR Advisory Panel’s opinion is:
- entering into the tax arrangements is not a reasonable course of action in relation to the relevant tax provisions
- carrying out the tax arrangements is not a reasonable course of action in relation to the relevant tax provisions