Capital/revenue – Sun Newspapers shaded, black holes return and the Covid-19 asset write-off paper
Published on 12 Nov 20
by NATIONAL DIVISION, THE TAX INSTITUTE
This paper covers:
- review the foundation principles from Sun Newspapers
- consider recent cases and rulings
- explore what constitutes a business
- discuss whether a one-off venture may be a profit-making undertaking on revenue account.
Chloe is a Barrister at Sixth Floor Wentworth Selbourne Chambers and Adjunct Lecturer of Sydney Law School.