• Non-arm's length scheme

    A non-arm's length scheme is where parties are not dealing with each other at arm’s length and at least one of the parties to the non-arm’s length scheme is not a MIT for the income year.

    This includes arrangements lacking the normal commercial distance between unrelated parties, where the financial outcomes of the arrangement are different to what they would be if the parties were not related or connected in some way.

      Last modified: 06 Oct 2016QC 47436