000			02056nab a2200241 c 4500
999			_c142380 _d142380
003			ES-MaIEF
005			20220805123113.0
007			ta
008			200820t2020 at ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_968148 _aAllen, Christina
245		0	_aRecognising the cost of purchased goodwill _c Christina Allen and Richard Krever
260			_c2020
500			_aResumen.
520			_aThe nature of “goodwill” for tax purposes was an important issue in Australia long before the adoption of the Commonwealth income tax, with the relationship between goodwill and sales of business premises a central issue in colonial stamp duty assessments (and consequent litigation). Judicial precedents and doctrines were transferred into the income tax arena as a result of a provision in the first Commonwealth income tax law that allowed depreciation of goodwill associated with leasehold interests. Judicial views were subsequently refined when the nature of goodwill was considered in the context of small business concessions for gains on the disposal of goodwill and in an important case in which a vendor created a notional goodwill asset in the course of a financial arrangement. Importantly, since 1964, Australian taxpayers have not been able to depreciate the cost of any form of purchased wasting goodwill. The Australian tax position stands in contrast with that of the UK, Canada, the US and many other countries. This article reviews the concept of goodwill in Australian tax law and suggests allowance of depreciation of purchased goodwill would be a logical reform to make, contributing to better alignment of the law with benchmark income tax principles.
650		4	_aFONDO DE COMERCIO FINANCIERO _964080
650		4	_950788 _aIMPUESTOS
650		4	_947847 _aAUSTRALIA
700	1		_aKrever, Richard E. _924255
773	0		_9162363 _oOP 1867/2020/1 _tAustralian Tax Forum: a journal of Taxation Policy, Law and Reform _w(IEF)103415 _x 0812-695X _gv. 35, n. 1, 2020, p. 59-87
942			_cART