434
In forceWhen is a duty benefit obtained
Chapter 11Avoidance schemes
434 When is a duty benefit obtained
(1)
An entity obtains a duty benefit if an amount of duty payable by the entity under this Act apart from this chapter is, or could reasonably be expected to be, less than it would have been apart from the scheme or a part of the scheme.
(2)
The amount of the duty benefit is the difference between the amount of duty payable and the amount of duty that would have been payable apart from the scheme or part of the scheme.
This Act’s bill:Explanatory memorandum
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