Originally Posted by
KW
Its probably the paper that I published the link to above :-)
There is nothing wrong with the law being a bit grey - as this means that you can play it to your advantage. At present, so long as you know what to say and do, you can easily prove that you don't have to pay tax. After all, its very difficult for the taxman to try and prove that what you were thinking at the time is different from what you say you were thinking :-)
I'd rather confusion than the Australian approach which is to tax everyone and everything - no discretion at all.