Many recent tax law decisions have depended on the application of basic principles in property law and contract. A thorough knowledge of principles in these areas is essential for taxation advisers. In general, a transaction must be valid in terms of property law for it to be valid in taxation law. Indeed, as we saw in FCT v Everett,1 the courts have refused to find a separate set of principles unique to taxation law.
"The Impact of Property Law and Contractual Principles in Taxation Law,"
Revenue Law Journal:
1, Article 6.
Available at: http://epublications.bond.edu.au/rlj/vol14/iss1/6