Issue 104 – The Newsletter

James Murphy

THE NEWSLETTER AAT REJECTS TAXPAYER’S BID TO DISCOUNT THE MARKET VALUE OF SHARES – MILEY AND COMMISSIONER OF TAXATION (TAXATION)[2019] AATA 5540 The taxpayer in this case failed maximum net asset value test (MNAVT) on the basis that the market value of shares they sold in a private company could not be reduced by the value of non-competition clauses included ...

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