Miscellaneous 2004

Q&A: Tricks and traps when settling disputes

Source: Taxation In Australia Journal Article

Published Date: 1 Sep 2004

 
It is no surprise to anyone that Australians are becoming more litigious. As trusted advisers to clients of various shapes and forms, all of us have or will need to deal with the taxation aspects arising from out-of-court settlement sums paid and received by our clients. This includes income tax issues as well as goods and services tax issues and, of course, it's never as easy as it should be.

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