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Income tax – Transaction in securities – Contribution by Company to
QUEST – Sale by controlling shareholder of shares to QUEST – Notice
under ICTAs.703 to counteract tax advantage – Served after enactment of
ITA 2007 – Alternative notice under ITA 2007, s.698 – Which notice
effective – Whether tax advantage – Whether tax advantage a main object –
Yes - Appeal dismissed.
Published 1 December 2016