Commissioner of Taxation v Sharpcan Pty Ltd, [2019] HCA 36 -- summary under Paragraph 13(34)(b)

Summary Under
Tax Topics - Income Tax Act - Section 13 - Subsection 13(34) - Paragraph 13(34)(b)
10-year gaming licences required to maintain existing gaming revenues were not for goodwill

Due to a regulatory change, a hotel owner which had been sharing in the revenues generated from 18 gaming machines on its premises was required to...

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Words and Phrases
goodwill
Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Contract Purchases or Prepayments 10-year gaming licences required to maintain existing gaming revenues were purchased on capital account 350
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Concessions and Licences periodic payments under 30-year government concession were currently deductible 206
Tax Topics - General Concepts - Purpose/Intention purpose distinguished from motive 237