bundalee although gross rent is assessable income, a scheme must...

  1. ddzx
    37,911 Posts.
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    12/01/12
    11:16
    Post #: 9540345
    bundalee

    although gross rent is assessable income, a scheme must be of a commercial nature, that is, capable of profit

    read the following link:

    http://law.ato.gov.au/atolaw/print.htm?DocID=TXR%2FTR9533%2FNAT%2FATO%2F00001&PiT=99991231235958&Life=19951004000001-99991231235959
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