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On 23 November 2011, the ATO issued a Decision Impact Statement in relation to the AAT decision in Inglewood & Districts Community Enterprises Ltd and FCT [2011] AATA 607; 2011 ATC 10-202. The case concerned whether Franchise Renewal Fees in a Franchise Agreement were deductible under s 8-1 or 40-880 of ITAA 1997.

The ATO accepts that it was reasonably open to the AAT to find that the Franchise Renewal Fees would be on revenue account, in the context of an expected long-term collaboration between the applicant and the bank in a small town.


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