Financial Services Quarterly
Current account drawings deemed tax avoidance
The Taxation Review Authority has upheld the Inland Revenue's assessment that a series of current account drawings made by a property developer from his trust and corporate entities amounted to tax avoidance.
The newly released decision has implications worth considering.
Click here to link to our review of the Taxation Review Authority reasoning and conclusions.
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Disclaimer
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.
