Published on 12 Sep 96
by VICTORIAN DIVISION, THE TAX INSTITUTE
Damages may be subject to income tax or capital gains tax, though, without warranting a gross-up. This will be so if those taxes would be applied to the plaintiff in any event if the wrong had not occured, or the contract had been performed.
John is currently in his own tax practice in Melbourne, and is a Consultant to other firms including Freehills and lectures at Monash University as he negotiates the waiting lists that now apply to read at the Victorian Bar. John has practised in Tax Law for over 20 years having previously been a Partner at Phillips Fox, Blake Dawson Waldron and Freehills and may be remembered by some as a private sector representative on the Tax Law Improvement Project. His interest in Losses under the Consolidation regime came whilst preparing a manuscript for a book on this area. He has had articles published in the Institute's Tax Specialist journal and made educational videos and audio tapes on Losses.
Current at 27 November 2003