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Tax Cases: WT 1997/80-86 and Deputy Commissioner of Taxation - Crime does pay (sometimes)

Published on 01 Oct 00 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Can proceeds stolen from an illegal business be claimed as a tax deduction? Not if the loss occurred after the business had ceased to operate.

Author profile:

Annamaria Carey
Annamaria is a Senior Tax Writer with ATP. She has 20 years experience in tax, spanning publishing, the ATO, commerce and the tax profession. Annamaria has been involved in formal liaison with the ATO and Treasury on a number of Committees including the Consolidation Joint Design Team. She has recently published a textbook on 'Consolidations - The Adviser's Guide' and has addressed a number of forums on consolidations. Current at 18 May 2004 Click here to expand/collapse more articles by Annamaria CAREY.
 
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