In this case, the Federal Court found that lump sum payments made by the Taxpayer to acquire medical practices were deductible under section 8-1 of the Income Tax Assessment Act 1997. This session discussed in detail the facts of the Healius case as well as Perram J's reasoning for allowing a deduction. It also focused on the broader implications of the decision for the purpose of determining the distinction between capital/revenue and how the judgement may be relevant in practice.
maintenance