Mussalli v Commissioner of Taxation [2020] FCA 544

TAXATION — Income tax — Deductibility — Payments made upon entering into lease and licence agreements of franchise restaurants — Payments described as prepayments of rent —Whether payments were capital in nature or on revenue account — Substance and form — Characterisation of advantage sought — Consideration of general principles — Income Tax Assessment Act 1997 (Cth) s 8-1 — Income Tax Assessment Act 1936 (Cth) s 82KZMD

Full decision here

Recent

5/205 William St
Melbourne, 3000
Australia

©2018 Tax Bar Association of Victoria