Published on 11 Feb 10
by NATIONAL DIVISION, THE TAX INSTITUTE
The St George Bank case raised some fundamental questions about the relationship between capital and income expenditures. This paper covers:
- "incurred in gaining"
- "of capital, or of a capital nature"
- Macquarie finance
- St George Bank
- loan capital cases
- significance of the St George Bank case.
Tony Slater QC, FTIA, has represented both taxpayers and the Commissioner in GST disputes in appellate courts, from the time the tax was introduced. Many of the cases in which he has appeared have concerned the scope of the “supply” on which GST is levied. He is a longstanding member of the Institute and a frequent speaker at its conferences.
- Current at
15 September 2017