Published on 10 Oct 09
by VICTORIAN DIVISION, THE TAX INSTITUTE
In the past year there have been some potentially landmark developments in the interpretation of section 8-1 of the Income Tax Assessment Act 1997 (C'th). This paper analyses the implications of recent decisions in Malouf, Day, Spriggs & Riddell, St George and others and answers:
whether there are any new principles emerging?
is there a new test to satisfy the positive limb?
has the capital exclusion been expanded?
how wide should the factual survey be to provide a context for the outgoing?
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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