The GAAR Advisory Panel has given its opinion
on a scheme which seeks to reduce an estate’s value using subscription for
shares in a new company and gifting those shares to an employee succession
trust. The panel views the entering into of the tax arrangements and the
carrying out of those arrangements as not being a reasonable course of action.
The GAAR Advisory Panel has given its opinion
on a scheme which seeks to reduce an estate’s value using subscription for
shares in a new company and gifting those shares to an employee succession
trust. The panel views the entering into of the tax arrangements and the
carrying out of those arrangements as not being a reasonable course of action.
