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.
"Is section 8-1(2)(b) inoperative?,"
Revenue Law Journal:
1, Article 1.
Available at: http://epublications.bond.edu.au/rlj/vol22/iss1/1