Notes Online
Welcome to Notes Online.
We offer chapters and articles for individual purchase and we hope you benefit from using our Notes Online.
Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.
Price
$8.80
Document Type
Article
Pages
4
Notes Online Home 2016 Tax Hot Spots II The latest on CGT and Small Business Concessions (‘SBCs’)
Executor fails to establish deceased's asset was used in carrying on a business
The executor fails to establish deceased’s asset was used in carrying on a business. In more detail, we cover the following:
- Applying the ‘SBE’ test and the ‘active asset’ test where leasing activities are carried on
- Relevant background to Fowler’s case
- The AAT’s decision in Fowler’s case