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AAT Case 8627; AAT Case 14/93
Judgment date: 1/04/1993
Court: AATA
Judge: Beddoe
Citation:
(1993) 25 ATR 1095;
(1993) 93 ATC 192;
Catchwords: Taxation and revenue; Deductions; Whether property acquired for purpose of profit making; Whether reasonable expectation acquisition would incur a loss;
Taxation and revenue; Deductions; Losses and outgoings; Additional tax imposed on basis of tax avoidance;