Interest deductibility post business cessation

Dabner, Justin (2003) Interest deductibility post business cessation. CCH Tax Week, 06 March 2003 (9). pp. 1-4.

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[Extract] The deductibility of continuing expenses after the relvant business has ceased had given rise to a string of cases. Decisions such as AGC(Advances) Ltd v FC of T75 ATC 4057 and Placer Pacific Pty Ltd (in liq) v FC of T95 ATC 4459 have upheld a principle that the expenses remained deductible on the basis that the "occasion" of the outgoing was to be found in the prior business operations.

Item ID: 35320
Item Type: Article (Commentary)
ISSN: 1320-9426
Date Deposited: 03 Feb 2017 01:43
FoR Codes: 18 LAW AND LEGAL STUDIES > 1801 Law > 180125 Taxation Law @ 100%
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