Whether an amount is on capital or revenue account is a perennial issue for tax practitioners. The characterisation of an expense requires a critical analysis between the circumstances in which an amount is incurred and the application of legal principles. Tax practitioners should be equipped with an expert understanding of how the Courts have recently approached these issues and be able to identify and advise in areas where there continues to be uncertainty. This session considered Watson as Trustee for the Murrindindi Bushfire Class Action Settlement Fund v Commissioner of Taxation [2020] FCAFC 92.
Watson as Trustee for the Murrindindi Bushfire Class Action Settlement Fund v Commissioner of Taxation [2020] FCAFC 92
Author(s):
Claire Nicholson CTA
Materials from this
session:
- Watson as Trustee for the Murrindindi Bushfire Class Action Settlement Fund v Commissioner of Taxation [2020] FCAFC 92
- Watson as Trustee for the Murrindindi Bushfire Class Action Settlement Fund v Commissioner of Taxation [2020] FCAFC 92
- Watson as Trustee for the Murrindindi Bushfire Class Action Settlement Fund v Commissioner of Taxation [2020] FCAFC 92
Details
- Published On:21 Aug 2020
- Took place at:Online
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Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
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2020
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