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  • Chapter 2-Investments in tax shelter arrangements



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    What is a tax shelter arrangement?

    You have a tax shelter arrangement in the income year in which you incur prepaid expenditure if:

    • your allowable deductions attributable to the arrangement for the expenditure year exceed your assessable income from the arrangement for that year
    • you do not have day-to-day control over the operation of the arrangement
    • at least one of the following is met:
      • more than one taxpayer participates as an investor in the arrangement or
      • the manager, arranger or promoter of the arrangement, or an associate, carries out similar activities for other taxpayers.
    Last modified: 10 Dec 2019QC 27429