A century on from the High Court’s landmark decision in Spencer v Commonwealth1, Simon Dorevitch sheds light on the term “market value” and its implications for tax purposes. Under Australia’s tax laws, taxpayers are frequently required to determine the market value of an asset or liability. The Inspector-General of Taxation found that there are
The 2 MUST-HAVE publications for 2020
Free for members, pre-orders are now open to all for our 2020-21 Tax Summary and all-new COVID-19 Book.