Income and capital : have the goal posts been moved ?
01 Aug 95 |
TAXATION IN AUSTRALIA (RED EDITION)
Issue: VOL 4 NO 1
The article discusses the current concept of income and capital from the courts perspective and argues that there has been no departure from the principle in recent appellate court decisions. A comparison of Australian and New Zealand treatment of income and a discussion of the UK and US tests is provided
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Graham was a Judge of the Federal Court of Australia from 1989 until his death in 2005. He was at various stages of his career a solicitor, barrister and Queens Counsel. Graham served as President of the Taxation Institute in 1985. As a solicitor and then as a barrister, two of Graham's many areas of expertise (in addition to income tax) were stamp duty and sales tax. He was the author of the leading text on New South Wales stamp duty. More recently, he took a keen interest in GST. For over 35 years, he taught in the Masters program conducted by the University of Sydney Law School. He was very proud of the fact that he was Australia's longest serving tax teacher. Justice Hill authored many books and was a regular keynote speaker for the Tax Institute.
- Current at
24 August 2005