Claiming tax deductions after the business ceases
01 Feb 99 |
LAW INSTITUTE JOURNAL
Issue: Vol 73, No 2
The ATO have always disallowed the claiming of deductions after a business has ceased on the 1935 case of Amalgamated Zinc (de Bavay's) Ltd v FCT. Recent cases have challenged this decision.
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Rob Warnock, CTA, is a Principal at Bernie O'Sullivan Lawyers, a boutique legal firm that advises accountants, business owners and individuals in the areas of taxation, superannuation and estate planning. Rob advises accountants and their clients in tax matters. His 30 plus years' experience in tax and related areas includes providing advice in relation to private business tax issues, tax disputes and trusts.
- Current at
13 February 2019