Mussalli v Commissioner of Taxation, [2020] FCA 544, aff'd [2021] FCAFC 71

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Summaries

Summary Under

non-refundable lump-sum “rent prepayment” to secure a permanent reduction in percentage rent was a capital expenditure

Two family trusts (MFT and MIT) agreed to lease restaurant premises from McDonald’s Australia Limited (MAL). The agreements-to lease (FLLs) had...

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Summary Under

a partial rent prepayment was a capital expenditure

Two Australian trusts that were to be the franchisees for seven McDonald’s restaurants agreed, at the same time as they agreed to enter into...

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