Income Tax: Deductibility of Home Office Expenses

Recent Law, p. 277, 1978

3 Pages Posted: 18 Dec 2009 Last revised: 11 Jul 2011

See all articles by John Prebble KC

John Prebble KC

Victoria University of Wellington, Te Herenga Waka - Faculty of Law; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; University of Notre Dame Australia - School of Law

Date Written: Febuary 1, 2010

Abstract

CIR v. Banks (1978) 2 NZLR 472 considered the issue of deductibility of home office expenses. Richardson J rejected the Australian approach, which holds that if the initial capital outlay was made for private purposes, the fact that the property is later used for income-producing is immaterial. He held that the nature and use of the property in the income year must be considered to determine whether there is the necessary relationship between the expenditure and the income related activities.

Keywords: Income Tax, Deductibility, Depreciation

JEL Classification: K34

Suggested Citation

Prebble KC, John, Income Tax: Deductibility of Home Office Expenses (Febuary 1, 2010). Recent Law, p. 277, 1978, Available at SSRN: https://ssrn.com/abstract=1524055

John Prebble KC (Contact Author)

Victoria University of Wellington, Te Herenga Waka - Faculty of Law ( email )

PO Box 600
Wellington, 6140
New Zealand
+64 4 463 6311 (Phone)
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HOME PAGE: http://www.victoria.ac.nz/law/staff/prebble-scholarly.aspx

Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

University of Notre Dame Australia - School of Law

Sydney Campus, New South Wales
Australia

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