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Ownership - update of foundational principles for revenue laws

Published on 01 Jun 06 by "THE TAX SPECIALIST" JOURNAL ARTICLE

Taxpayers ought not to be liable to income tax on computed amounts if they do not own the property - income or capital - the purported subject of assessment. This article explores the effectiveness of the taxation laws that attempt to attach revenue consequences to ownership or failure to own, measured against the approach of the High Court of Australia to ownership

Author profiles:

Author Photo - Damien Lockie CTA-Life
Dr Damien Lockie CTA-Life
Dr Damien Lockie, FTIA (Life), is a Barrister-at-Law at the Victorian Bar and an Adjunct Professor of Law at Bond University. Dual qualified in law and accounting, Damien has over 30 years experience as a Solicitor, Accountant and advocate specialising in property and environmental laws and federal and state revenue laws. Current at 01 March 2012 Click here to expand/collapse more articles by Damien L LOCKIE.
 
Tim Galvin
Tim is a Senior Taxation Manager with BDO Kendalls. Current at 01 June 2009 Click here to expand/collapse more articles by Tim GALVIN.
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