Can property be held for dual purposes?
21 Dec 06 |
CCH TAX WEEK
Issue: Issue 50 2006
In the Federal Court decision in R & D Holdings Pty Ltd v DFC of T 2006 ATC 4472, Finn J states that he can see no reason why property cannot be regarded as trading stock even though the dominant purpose of holding the property may be as a long-term investment.
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Scott McGill, CTA, is a Partner at Pitcher Partners Sydney where he focuses on taxation, business, structuring and succession issues for a wide range of clients. Scott also heads the property industry speciality in the Sydney practice working with small and large developers, retirement villages/aged care and investors. Scott has extensive experience in income tax, GST and state taxes from both his time in public practice as well as the ATO, and has a reputation for achieving commercial outcomes on complex issues.
- Current at
27 February 2017
John is a Partner at Pitcher Partners and is the Partner in charge of the Tax Consulting Division. John has significant experience in advising both public and private clients on tax issues arising from structuring, restructuring, mergers and acquisitions, and also in liaison with revenue authorities.
- Current at
09 October 2008