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Section 45B: Don’t let the Commissioner lead you by the nose

Published on 01 Feb 10 by "THE TAX SPECIALIST" JOURNAL ARTICLE

The Commissioner says s 45B applies to all capital benefits that are attributable to profit. The text of the legislation provides scant justification for such a view. One also questions just how many capital benefits involve a tax benefit, as defined by s 45B(9).

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John Hyde Page FTI
John works for MTax. Current at 01 August 2010 Click here to expand/collapse more articles by John HYDE PAGE.
 
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