Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Lee Group Charters Pty Ltd v Commissioner of Taxation [2016] FCA 322 File number: QUD 615 of 2015
Judge: LOGAN J
Date of judgment: 7 April 2016
Catchwords: TAXATION – Income Tax – whether losses or outgoings claimed by taxpayers fell within exception under s 26-47(3)(b) of Income Tax Assessment Act 1997 – whether boat was used mainly for letting it on hire in ordinary course of carrying on a business Held – losses and outgoing claimed did fall within exception – boat used mainly for letting on hire in ordinary course of business – appeal allowed.
Legislation: Corporations Act 2001 (Cth) Income Tax Assessment Act 1997 (Cth) Sales Tax (Exemptions and Classifications) Act 1992 (Cth) Taxation Administration Act 1953 (Cth)
Cases cited: Hostess Marine Pty Ltd v Commissioner of Taxation (2006) 155 FCR 504 Nelson v Federal Commissioner of Taxation 2014 ATC 475 Salomon v A Salomon & Co Ltd [1897] AC 22 Spriggs v Federal Commissioner of Taxation (2009) 239 CLR 1
Dates of hearing: 30 November, 1, 2 and 3 December 2015
Registry: Queensland
Division: General Division
National Practice Area: Taxation
Category: Catchwords
Number of paragraphs: 132
Counsel for the Applicants: Mr J De Winjn QC with Mr D Atkinson
Solicitor for the Applicants: Kinneally Miley Law
Counsel for the Respondent: Mr N Williams SC with Ms M Brennan QC
Solicitor for the Respondent: McInnes Wilson Lawyers
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate