ITAA 1936 s 51(2A)

Income tax: deferral of deductions for trading stock purchases involving prepayments

Income tax: can subsection 51(2A) of the Income Tax Assessment Act 1936 (the Act) operate to defer a tax deduction, available to a retail motor vehicle dealer, for second schedule charges incurred when acquiring new vehicle trading stock?

Income tax: Deferral of deductions for trading stock purchases involving prepayments

Income tax: can subsection 51(2A) of the Income Tax Assessment Act 1936 operate to deny a tax deduction, available to a motor vehicle dealer, for second schedule charges incurred when acquiring new vehicle trading stock?

Income tax: income from the sale of tobacco leaf