Published on 10 Oct 07
by THE TAX INSTITUTE
A joint professional body submission sent to the ATO in relation to the draft taxation ruling TR 2007/D9 - Income tax: Various income tax issues relating to the horse industry: including whether racing, training and breeding activities (carried out as stand-alone activities or in combination) amount to the carrying on of a business.
TAXPAYERS AUSTRALIA INC
TAXATION INSTITUTE OF AUSTRALIA
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NATIONAL INSTITUTE OF ACCOUNTANTS