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Notes Online Home 2015 Tax Hot Spots Whats NEW in 2015
ATO launches bold Division 7A challenge against inter-company loans
This segment of the notes focuses on the recent decision of the Administrative Appeals Tribunal (the ‘Tribunal’) in The Taxpayers v FCT[2014] AATA 572 (‘The Taxpayers’ case). This case arose as a result of a number of taxpayers contesting certain adjustments made by the ATO following an ATO audit of their income tax and GST affairs.