Published on 01 May 04
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
Nicholson J of the Federal Court has held in Integrated Insurance Planning Pty Ltd & Another v Federal Commissioner of Taxation  FCA 35 that the waiver of agency development loans made by an insurance company to its agents was assessable income or capital gains of the agents. The case was effectively a test case on ATO ruling TR 2001/9: Income tax - Agency Development Loans so far as it relates to assessment of the agent.
Current at 09 November 2011
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