Taxing times
Article Abstract:
A common element to aggressive tax planning is the creation of a tax deduction without there being any real loss or expense. The decision of the court served as a warning to tax payers that they would be judged on the actions of their tax advisors and suffer penalties because of these actions.
Publication Name: Australian CPA
Subject: Banking, finance and accounting industries
ISSN: 1440-8880
Year: 2003
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Taxing times
Article Abstract:
Various cases from the courts regarding whether tax payers who are husband and wife were entitled to receive deduction for compound interest on a split loan taken to purchase a new family home are discussed. Various tax benefits of superannuation are listed.
Publication Name: Australian CPA
Subject: Banking, finance and accounting industries
ISSN: 1440-8880
Year: 2003
User Contributions:
Comment about this article or add new information about this topic: