Recent vacant land cases have demonstrated that various client scenarios will straddle the fence on whether an asset has direct functional relevance to the carrying on of a business and also if unimproved land qualifies as an active asset for tax purposes. This session covered the recent cases and numerous requirements for practitioners to consider.
Vacant land rules
Author(s):
Seema Mishra CTA
Materials from this
session:
Details
- Published On:28 Sep 2020
- Took place at:Online
The material is copyright. Apart any fair dealing for the purpose of private study,
research critisism or review, as permitted under the copyright Act, no part may be rerpoduced 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.
This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
Tags
2020
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