Lawyer pinpoints Part IVA risks with CGT relief
An industry lawyer has identified some of the scenarios involving the commutation of pensions that may give rise to Part IVA where CGT relief is applied. Speaking in a webinar, DBA Lawyers director Bryce Figot explained that one of the questions the ATO uses to identify whether an arrangement is subject to Part IVA of the ITAA 1936, is whether the objective dominant purpose of entering a scheme was to obtain a tax benefit.