Bendel: special leave and updated DIS

by

Ed.

From sladen.com.au: The ATO has applied for special leave to appeal to the High Court regarding the Full Federal Court decision in FCT v Bendel, regarding the status of UPEs as loans.

In an updated Interim Decision Impact Statement, the ATO maintains its position on administering the law according to its existing views, while signalling that compliance action may involve scrutiny under section 100A for arrangements not adequately commercialised.

Filed under: SME & Family Business, Tax - General, Tax Office