Sessions and workshops covered the following:
- when are receipts on revenue account, as opposed to capital account? Is there a trend in the cases towards treating receipts as being of a revenue nature?
- the "flip side"? - when will outgoings be allowable deductions, rather than on capital account; Where are the courts going on this issue?
- what methods can be used to extract value out of companies and trusts; what specific tax issues need to be considered?
- what are the ATO's current views on trusts, s100A, professional practice structures, and dividend access shares and related issues?
- what is the current thinking regarding structuring and restructuring professional practices; what should be done given the technical framework and the ATO's current position?