13 April 2022
5:30 PM - 7:00 PM
1.00 CPD hour
This practical and interactive session will seek to extract and explore the key principles of revenue vs capital for both income and deductions.
Using practical examples, the case study-based discussion will cover:
- The rules determining whether an asset disposal will be a mere realisation of a capital asset or part of a business or profit-making undertaking, focusing on real property and considering the impact of the 2020 Greig decision.
- The capital/revenue rules relating to deductions, including consideration of the 2021 Mussalli decision.
Peter Scott, King & Wood Mallesons
Paula Yu, King & Wood Mallesons