There is widespread confusion and uncertainty surrounding s100A.
Section 100A excludes any ‘agreement, arrangement or understanding entered into in the course of ordinary family or commercial dealing’.
More clarity and certainty for taxpayers or advisors may be provided via Court cases or legislative change. Until then, seeking advice from a specialist tax lawyer is a sensible measure.
This podcast in no way constitutes legal advice. It is general in nature and is the opinion of the author only. You should seek legal advice tailored to your individual circumstances before acting on anything related to this podcast.
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