Masterclass 2: When will 'one off' transactions result in ordinary income rather than a capital gain?

Jonathan Ilbery, CTA (Life) will focus your attention on the principles arising from FC of T •v- The Myer Emporium Ltd and the important distinction between derivation of capital verses ordinary assessable income.

When will an arrangement be MORE than a mere realisation of a capital asset in an enterprising fashion?

When will there be a venturing an asset into a profit making arrangement or a business?

What will be the different tax consequence?