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Notes Online Home 2020 Tax Hot Spots II What's new
Full Federal Court rejects Commission’s narrow interpretation of ‘active asset’
This section of the seminar notes provides an update in relation to the long running dispute between a taxpayer and the ATO over whether a block of land, that was used to store business assets for a construction business that was carried elsewhere qualifies as an active asset for the purposes of the CGT Small Business Concessions:
• The facts in Eichmann’s case (FFC)