GST Property Income tax

Isolated property transactions

Source: Western Australia

Published Date: 19 Jun 2014


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This paper covers:

  • the relevant law
  • ordinary income
  • assessable income arising from an isolated transaction
  • mere realisation – a summary of factors relevant to the intention element (taken from TR 92/3)
  • observations as to the Myer first element
  • summary as to the Myer second element
  • mere realisation: general observations
  • application of the law (master class case study).


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The Tax Institute
(ABN 45 008 392 372 (PRV14016))


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GST Property Income tax 2014

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