Become a Member
Membership
Education
Events
Resources
Tax Knowledge Exchange
About us
Contact us
  Corporate tax 2014

Valuation principles: Where do taxpayers stand?

Source: New South Wales

Published Date: 11 Sep 2014

 

This presentation covers:

  • a number of provisions of the taxation laws rely on the concept of “market value”
  • “market value” is not generally well defined
  • test in Spencer v Commonwealth:
    • value which would be agreed between a knowledgeable, willing but not anxious buyer and seller acting at arm’s length
    • “highest and best use”
  • area for dispute remains
  • RCF: regard must be had to the relevant statutory context.

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Subscribe Now

Already a Subscriber? Login now

Author(s)

Individual Session

Valuation principles: Where do taxpayers stand?

Author(s): Sean Collins , Sarah Dunn , Catherine Dean CTA
Materials from this session:

Download

Details

  • Published By: Sarah Dunn
  • Published On:11 Sep 2014
  • Took place at:Swissotel, Sydney

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

Corporate tax 2014

Share this page