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When will 'One Off' Transactions Result in Ordinary Income Rather than a Capital Gain?

Published on 19 Jun 2014 | Took place at Perpetual Boardroom, Perth, WA

This event was designed for specialist tax professionals with advanced technical knowledge. The format was boardroom style, with pre-reading and pre-submission of questions for the presenter and chair.

Individual sessions

Isolated property transactions

Author(s):  Jonathan ILBERY

This paper covers:

  • the relevant law
  • ordinary income
  • assessable income arising from an isolated transaction
  • mere realisation – a summary of factors relevant to the intention element (taken from TR 92/3)
  • observations as to the Myer first element
  • summary as to the Myer second element
  • mere realisation: general observations
  • application of the law (master class case study).
Materials from this session: