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Results: 1-10 of 46

Footballers' management expenses deductible Spriggs and Riddle

  • Piper Alderman
  • -
  • Australia
  • -
  • June 30 2009

On 18 June 2009, the High Court unanimously upheld the taxpayers' appeals from the decision of the Full Federal Court and held that fees paid to managers were deductible under section 8-1(1) of the Income Tax Assessment Act 1999 (Act) and were not capital expenses which were denied deductibility under section 8-1(2) of the Act

Footballers’ management expenses deductible

  • Piper Alderman
  • -
  • Australia
  • -
  • June 30 2009

On 18 June 2009, the High Court unanimously upheld the taxpayers’ appeals from the decision of the Full Federal Court and held that fees paid to managers were deductible under section 8-1(1) of the Income Tax Assessment Act 1999 (Act) and were not capital expenses which were denied deductibility under section 8-1(2) of the Act

Margin lending facilities to be a financial product

  • Piper Alderman
  • -
  • Australia
  • -
  • July 14 2009

There is a Bill before the Commonwealth Parliament which will amend the definition of "financial product" to include a margin lending facility

Proposed new rules for employee share schemes (ESS)

  • Piper Alderman
  • -
  • Australia
  • -
  • August 18 2009

On 14 August 2009, the Government issued draft legislation and associated materials on the ESS previously announced in the 2009 Budget

No priority for Commissioner in company liquidations through the issue of section 260-5 notices

  • Piper Alderman
  • -
  • Australia
  • -
  • August 28 2009

The High Court has further clarified the law regarding the effect of section 260-5 notices served by the Commissioner on third parties who are required to make payments to a company in liquidation

NSW payroll tax grouping provisions

  • Piper Alderman
  • -
  • Australia
  • -
  • October 6 2009

The NSW Payroll Tax Act 2007 has very wide grouping provisions

Mining companies land rich provisions

  • Piper Alderman
  • -
  • Australia
  • -
  • October 6 2009

The High Court has recently considered the application of the NT land rich provisions in relation to the acquisition of shares in a mining company

Part IVA not applied to complex corporate group restructure

  • Piper Alderman
  • -
  • Australia
  • -
  • October 6 2009

The taxpayer was recently successful after a long run of cases where the Commissioner has succeeded in the application of Part IVA to deny tax benefits arising out of various transactions

Successful challenge to charitable status of organisation political activities

  • Piper Alderman
  • -
  • Australia
  • -
  • October 6 2009

There has been a campaign for some time against charities by the Commissioner in relation to their tax-exempt status and in particular there has been concern at a political level particularly under the former Government as to whether the lobbying undertaken by charities and as to whether this affects their charitable nature

Non-forestry managed investment scheme (MIS) failures clarification of the law

  • Piper Alderman
  • -
  • Australia
  • -
  • October 6 2009

Following the collapse of Timbercorp and Great Southern Plantations there have been some concerns by investors as to the status of their tax deductions