Published on 01 Jul 08
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
For the first time since the introduction of Div 152 ITAA97, specific judicial consideration has been given to the definition of “affiliate” in the small business CGT context. The result casts doubt on the question of when two persons are “acting in concert”, with potentially wide-reaching consequences for small business taxpayers. Jeffrey Chang, Special Counsel with Riordans Lawyers, examines the decision in Stephens v Commissioner of Taxation  AATA 176.
Click here to expand/collapse more articles by Jeffrey CHANG.