High Court of Australia

Commissioner of Taxation v Stone [2005] HCA 21

222 CLR 289; 79 ALJR 956; 215 ALR 61

26 Apr 2005

Case Number: S245/2004

Before

Gleeson CJ, Gummow, Kirby, Hayne, Heydon JJ

Catchwords

Income tax – Income - Whether taxpayer turned her athletic talent to account for money - Whether receipt of prize money, government grants, appearance fees and sponsorship payments constitute assessable income - Whether income derived from conduct of a "business" - Whether conduct of business a relevant consideration.

Words and phrases – "assessable income", "business", "professional sport".

Income Tax Assessment Act 1997 (Cth) – ss 3-1, 4-1, 4-15, 6-5(1).

Income Tax Assessment Act 1936 (Cth) – s 6(1).
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