Published on 27 Feb 14
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper covers:
- the distinction between revenue & capital:
- the ATO view & enterprise
- the ATO View – TR 92/3 & TD 92/161
- the view of the courts
- income tax implications where the sale of property is on revenue account
- income tax implications where the sale of land is on capital account.
Current at 21 March 2012
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