Published on 13 Jun 05
by THE TAX INSTITUTE
A joint submission by the National Institute of Accountants, the Tax Institute, the Institute of Chartered Accountants in Australia, CPA Australia and Taxpayers Australia regarding TD 2005/D4 Income tax: does expenditure - which is a non-capital cost of ownership of a CGT asset - form part of the cost base of the asset, if it is a tax benefit in connection with a scheme to which the general anti-avoidance rules in Part IVA of the Income Tax Assessment Act 1936 apply?
INSTITUTE OF CHARTERED ACCOUNTANTS IN AUSTRALIA
NATIONAL INSTITUTE OF ACCOUNTANTS
TAXATION INSTITUTE OF AUSTRALIA