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Authors

Daniel Diaz

Abstract

Exclusions of otherwise deductible losses or outgoings can be categorised according to the mechanism of their application to a taxpayer’s circumstances. Analysis of decisions regarding deductions where s 8-1(2)(b) appears relevant reveals that s 8-1(2)(b) is merely a restatement of the principles underlying s 8-1(1). As a result, s 8-1(2)(b) is effectively inoperative.

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