Published on 28 Sep 95
by VICTORIAN DIVISION, THE TAX INSTITUTE
This paper discusses section 51(1) of the ITAA. The background of the section and its basic principles are outlined. The symmetry of the section, the necessary nexus and the exclusionary provisions are all discussed in the context of a number of cases on deductions for expenditure.
This paper was also presented on 20 October 1995 at the "Tasmanian Seminar: A Celebration of Taxation by the Sea".
David was admitted as a solicitor in 1974 and was called to the Bar in 1977. He was appointed
Queen’s Counsel in 1986. David has lectured and written extensively on taxation related topics in Australia and overseas. David is a Barrister, Wentworth Chambers.
- Current at
17 October 2017