Which is not a requirement for the General Anti-Avoidance Rule to apply: ...

50.1K

Verified Solution

Question

Accounting

Which is not a requirement for the General Anti-Avoidance Rule to apply:

There was no bona fide non-tax purpose for the transaction

There was misuse or abuse of the law in that the result is not in the object or spirit of the law

There was a deliberate ignoring of the law

There must be a tax benefit

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students