Miscellaneous 2008

A disconcerting decision

Source: Taxation In Australia Journal Article

Published Date: 1 Jul 2008

For the first time since the introduction of Div 152 ITAA97, specific judicial consideration has been given to the definition of “affiliate” in the small business CGT context. The result casts doubt on the question of when two persons are “acting in concert”, with potentially wide-reaching consequences for small business taxpayers. Jeffrey Chang, Special Counsel with Riordans Lawyers, examines the decision in Stephens v Commissioner of Taxation [2008] AATA 176.

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Miscellaneous 2008

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