19 Jan 98 |
Issue: Issue 13 97/98
Pages: pp. 223-225
Rewritten trading stock rules apply from and including the 1997/98 year. A major change in the new Act deems a notional disposal of items that cease to be or become trading stock which continue to be owned by persons (eg. assets previously held on capital account now held as trading stock).
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Mark is a consultant to Pitcher Partners Melbourne. Mark specialises in advising privately owned businesses, and has been an active participant for over 10 years in various ATO forums concerning professional practices. He is currently an external participant member of the ATO’s Professional Firms Working Group. Mark is a regular presenter for The Tax Institute, CPA Australia, the Institute of Chartered Accountants in Australia and the Law Institute of Victorian on professional practice matters.
- Current at
30 June 2015