Published on 01 Jul 96
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
A recent judicial decision at odds with the Commissioner's position in a contentious taxation ruling has led to the ruling's withdrawal, pending the finalisation of draft guidelines. The new draft ruling is relevant to any taxpayer who proposes to sell a business carried on in leased premises. This contentious issue is discussed in this article
Prof Richard Vann, CTA, is Challis Professor of Law at the University of Sydney and a Consultant at Greenwoods & Herbert Smith Freehills. He has also taught at NYU Law School, Harvard Law School and the University of London. He has held many government consultancies in Australia, including the Review of Business Taxation (1998•1999), the Review of International Taxation (2002•2003) and the Australian Taxation Office Public Rulings Panels on international and indirect taxation (1995•2007). Most recently, he has been involved in various Board of Taxation work on managed investment trusts and collective investment vehicles, the attribution of profits to permanent establishments and as a member of Treasury’s BEPS Advisory Group. Richard is the Editor-in-Chief of the IBFD Global Tax Treaties Commentaries now being progressively published online.
- Current at
12 January 2017