Skip to main content

Your shopping cart is empty

05 Sep 11 Franchise renewal fees deductible - Inglewood

The AAT has held that the taxpayer would be entitled to a deduction for franchise renewal fees that the taxpayer committed to pay to operate a Bendigo Bank branch under a community bank model, contrary to the Commissioner's ruling in response to a private ruling request.

However, the AAT held that the taxpayer would not be entitled to a deduction under s 40-880 ITAA 1997 for certain franchise establishment fees as they would be taken into account in working out a capital gain or loss upon extinguishment of the franchise: Inglewood and Districts Community Enterprises Limited and FCT [2011] AATA 607 (AAT, O’Loughlin SM, 31 August 2011).


Media Release Search
Eg. TD 2005/D52 ALL words EXACT phrase WITHOUT words Date range
From To