solved:However, in practice regard is usually had as to what might

  

However, in practice regard is usually had as to what might reasonably be expected to have occurred if therelevant scheme had not been entered or carried out in determining whether the taxpayer has obtained a taxbenefit. In this context the High Court in FCT v Peabody (1994] held that: ‘A reasonable expectati… Show more… Show moreBriefly discuss Peabody v FCT and also critically assess whether Part IVA applies in this case (consider each of the five issues). Social ScienceLawShare QuestionEmailCopy link This question was created fromWEEK 11 TAX AVOIDANCE TRANSCRIPTComments (0)