Bell & Moir Corp Pty Ltd v Commissioner of Taxation [1999] FCA 1009

FEDERAL COURT OF AUSTRALIA Bell & Moir Corp Pty Ltd v Commissioner of Taxation [1999] FCA 1009 TAXATION – deductions – s 51(1) of the Income Tax Assessment Act 1936 – whether money paid pursuant to guarantees is of a capital nature – where taxpayer not in the business of providing guarantees WORDS & PHRASES – "capital" – "of a capital nature" – "revenue" Income Tax Assessment Act 1936, s 51(1) Administrative Appeals Tribunal Act 1975, s 44 John Fairfax & Sons Pty Ltd v FCT (1959) 101 CLR 30 considered John v FCT (1988-1989) 166 CLR 417 cited Steele v DCT (1999) 161 ALR 201 referred to Sun Newspapers Ltd v FCT (1939) 61 CLR 337 applied Pine Creek Goldfields Ltd v FCT (1999) 99 ATC 4,382 cited Hooker Rex Pty Ltd v FCT (1988) 88 ATC 4,392 considered FCT v South Australian Battery Makers Pty Ltd (1978) 140 CLR 645 considered G P International Pipecoaters Pty Ltd v FCT (1989-1990) 170 CLR 124 cited Email Ltd v FCT (1999) 99 ATC 4,208 discussed Hallstroms Pty Ltd v FCT (1946) 72 CLR 634 considered Broken Hill Theatres Pty Ltd v FCT (1951-1952) 85 CLR 423 referred to Ure v FCT (1981) 81 ATC 4,100 referred to Magna Alloys & Research Pty Ltd v FCT (1980-1981) 33 ALR 213 discussed NMRSB Ltd v FCT (1998) 98 ATC 4,188 considered C I R v Shipbuilders Ltd [1968] NZLR 885 referred to FCT v Consolidated Fertilizers Ltd (1991) 101 ALR 385 referred to C I R v Huntley & Palmers Ltd (1928) 12 TC 1209 cited Ogilvy & Mather Pty Ltd v FCT (1990) 90 ATC 4,836 considered Case A58, (1969) 69 ATC 330 cited Case J63, (1958) 9 TBRD 345 cited 10 CTBR Case 72 cited 13 CTBR Case 22 cited Case B3, (1970) 70 ATC 10 cited Case C34, (1971) 71 ATC 149 cited Case L3, (1979) 79 ATC 14 cited Case Q39, (1983) 83 ATC 171 cited Case V115, (1988) 88 ATC 733 cited Case V117, (1988) 88 ATC 741 cited Case 49/95, (1995) 95 ATC 422 cited Case 56/95, (1995) 95 ATC 459 cited