Published on 01 Dec 08
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The same business test is one of the integrity provisions in the tax legislation designed to ensure that companies deduct prior year losses only in appropriate circumstances. The recent case of Lilyvale Hotel Pty Ltd v FCT considers whether the SBT’s operation is informed by the common law doctrine of agency.
Timothy Hnativ CTA
Tim is at Tax Analyst with Deloitte Touche Tohmatsu Ltd. Current at 01 December 2008
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