Abstract
The recent High Court decision in AusNet Transmission Group Pty Ltd v FCT1 which was an appeal from the Full Federal Court decision known as SPI PowerNet Pty Ltd v FCT2 has again confirmed the general principles concerning the distinction between characterising an expense as revenue or capital. The real issue though appears to relate to how to apply such well known principles to modern commercial situations.
| Original language | English |
|---|---|
| Pages (from-to) | 192-194 |
| Number of pages | 3 |
| Journal | Australian Tax Law Bulletin |
| Volume | 2 |
| Issue number | 45574 |
| Publication status | Published - 2015 |
Keywords
- commercial law
- capitol
- revenue