52Arrangements to which this Subdivision applies

#### 52 Arrangements to which this Subdivision applies Arrangement for purpose of obtaining a tax benefit (1) This Subdivision applies to an arrangement if it would be concluded (having regard to the matters in subsection (2)) that the person, or one of the persons, who entered into or carried out the arrangement or any part of the arrangement did so for the sole or dominant purpose of: (a) enabling a person (an eligible person) to obtain a tax benefit or tax benefits in connection with the arrangement; or (b) enabling the eligible person and another person or other persons each to obtain a tax benefit or tax benefits in connection with the arrangement; whether or not that person who entered into or carried out the arrangement or any part of the arrangement is the eligible person or is the other person or one of the other persons. Have regard to certain matters (2) For the purposes of subsection (1), have regard to the following matters: (a) the manner in which the arrangement was entered into or carried out; (b) the form and substance of the arrangement; (c) the time at which the arrangement was entered into and the length of the period during which the arrangement was carried out; (d) the result in relation to the operation of this Act that, but for this Subdivision, would be achieved by the arrangement; (e) any change in the financial position of the eligible person that has resulted, will result, or may reasonably be expected to result, from the arrangement; (f) any change in the financial position of any person who has, or has had, any connection (whether of a business, family or other nature) with the eligible person, being a change that has resulted, will result or may reasonably be expected to result, from the arrangement; (g) any other consequence for the eligible person, or for any person referred to in paragraph (f), of the arrangement having been entered into or carried out; (h) the nature of any connection (whether of a business, family, or other nature) between the eligible person and any person referred to in paragraph (f). Tax benefit (3) Despite subsection (1), this Subdivision applies to the arrangement only if the eligible person has obtained, or would but for section 53 obtain, a tax benefit in connection with the arrangement.