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Tax Planning: Curtailing abuse
Imogen Buchan-Smith sets out the key points of the much-anticipated GAAR ‘While the GAAR’s purpose is “the counteraction of tax advantages arising from tax arrangements that are abusive”, and the taxes included within its scope are clear, the actual arrangements that the government intends will fall within its ambit may be less so.’The introduction of …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Ayrshire Pullman Motor Services & Ritchie v CIR [1929] 14 TC 754
- Inland Revenue Commissioners v Rysaffe Trustee Co (CI) Ltd [2003] WTLR 481
- IRC v Fisher's Executors [1926] AC 395