Taxpayer’s operations didn’t stack up as a share trader This case involved a council worker who claimed that he was also a share trader, not merely a share investor. While the AAT member said that it was more than a hobby, he said that it was not a business. Strange? Wouldn’t one think that if […]
Taxpayer slugged for GST on proceeds they didn’t receive
Taxpayer slugged for GST on proceeds they didn’t receive This is the sad tale of a taxpayer who sold a property, didn’t receive the full proceeds of the sale but still had to pay the taxman the GST as if they had received the full amount. There’s a salient lesson here for us all about […]