TR 2008/5 - Income tax: tax consequences for a Co of issuing shares for assets or for services

[2008] ATOTR 5

Australian Taxation Office

Australia - Commonwealth

Legislation Cited

Legislation Name	Provision
Taxation Administration Act 1953 (Cth)
Finance Act 1965	s1, s8, s25, s40

Cases and Articles Cited

Case Name	Citation(s)	Court	Jurisdiction	Date	Full Text	Citation Index †
Pilmer v The Duke Group Ltd (in liq)	[2001] HCA 31; (2001) 207 CLR 165; (2001) 180 ALR 249; (2001) 75 ALJR 1067; (2001) 38 ACSR 122; 19 ACLC 1; [2001] Aust Torts Reports 81-608; (2001) 49 ATR 324; (2001) 22 Leg Rep 27	High Court of Australia	Australia - Commonwealth	31 May 2001	AustLII	490
John v FCT	[1989] HCA 5; (1989) 166 CLR 417; (1989) 83 ALR 606; (1989) 20 ATR 1; (1989) 63 ALJR 166; [1989] ACL 36017	High Court of Australia	Australia - Commonwealth	circa 1989	AustLII	330
Harmony & Montague Tin & Copper Mining Co, Re (Spargo's Case)	[1873] UKLawRpCh 12; (1873) LR 8 Ch 407; [1861-73] All ER 261; (1873) 8 LRCh App 407	Court of Chancery	United Kingdom	25 Jan 1873	CommonLII	107
Ord Forrest Pty Ltd v FCT	[1974] HCA 57; (1974) 130 CLR 124; [1974] AEGR 66	High Court of Australia	Australia - Commonwealth	7 Mar 1974	AustLII	96
State Revenue v Dick Smith Electronics	[2005] HCA 3; (2005) 221 CLR 496; (2005) 213 ALR 230; (2005) 79 ALJR 550; (2005) 58 ATR 241; [2005] ALMD 3117	High Court of Australia	Australia - Commonwealth	8 Feb 2005	AustLII	80
O'Mara v Harris	77 CLR 490; 2 ALR 403; (1974) 4 ATR 230; (1973) 48 ALJR 48		Australia - Commonwealth	8 Sep 1948	AustLII	59
FCT v Steeves Agnew & Co (Vic) Pty Ltd	[1951] HCA 26; (1951) 82 CLR 408; [1952] ALR 29; (1951) 9 ATD 259	High Court of Australia	Australia - Commonwealth	1 Jun 1951	AustLII	50
Curran v FCT	[1974] HCA 46; (1974) 131 CLR 409; 4 ALR 504; (1974) 5 ATR 61; 48 ALJR 439	High Court of Australia	Australia - Commonwealth	4 Nov 1974	AustLII	46
FCT v Becker	[1952] HCA 77; (1952) 87 CLR 456; [1952] ALR 1018; (1952) 10 ATD 77	High Court of Australia	Australia - Commonwealth	19 Nov 1952	AustLII	29
Commissioner of Stamp Duties (NSW) v Perpetual Trustee Co Ltd	[1929] HCA 27; (1929) 43 CLR 247; [1930] ALR 33	High Court of Australia	Australia - Commonwealth	17 Oct 1929	AustLII	28
Wragg, Ltd, In re	[1897] UKLawRpCh 50; [1897] 1 Ch 796	Court of Chancery	United Kingdom	19 Mar 1897	CommonLII	27
Whim Creek Consolidated NL v Commissioner of Taxation (Cth)	[1977] FCA 19; (1977) 31 FLR 146; (1977) 17 ALR 421; 8 ATR 154	Federal Court of Australia	Australia - Commonwealth	16 Nov 1977	AustLII	26
Burrill v Commissioner of Taxation	(1996) 67 FCR 519; (1996) 33 ATR 133	Federal Court of Australia	Australia	circa 1996	Legal Online / Westlaw	23
Commissioner of Taxation v Energy Resources of Australia Ltd	[1994] FCA 1521; 54 FCR 25; (1994) 126 ALR 161; (1994) 29 ATR 553	Federal Court of Australia	Australia - Commonwealth	30 Nov 1994	AustLII	23
Lend Lease Corporation Ltd v FCT	(1990) 95 ALR 427; (1990) 21 ATR 402		Australia	circa 1990	LexisNexis AU	20
Osborne v Steel Barrel Co Ltd	[1942] 1 All ER 634; 24 Tax Cas 293		United Kingdom	circa 1942	LexisNexis	18
Craddock v Zevo Finance Co Ltd	(1946) 1 All ER 523; (1946) 27 Tax Cas 267; (1946) 174 LT 385		United Kingdom	circa 1946	LexisNexis	14
C Williamson's Tivoli Vaudeville Pty Ltd v FCT	[1929] ArgusLawRp 90; (1929) 42 CLR 452; 36 ALR 14	Argus Law Reports	Australia - Commonwealth	7 Nov 1929	AustLII	14
Joseph v Campbell (Liquidator of the London Furnishing Co Ltd (In Liq))	[1933] HCA 34; (1933) 50 CLR 317	High Court of Australia	Australia - Commonwealth	14 Aug 1933	AustLII	13
R v Bullfinch Proprietary (WA) Ltd	[1912] HCA 71; (1912) 15 CLR 443; 18 ALR 567	High Court of Australia	Australia - Commonwealth	29 Oct 1912	AustLII	13
Theatrical Trust, Ltd, In re; Chapman's Case	[1895] UKLawRpCh 44; [1895] 1 Ch 771	Court of Chancery	United Kingdom	22 Mar 1895	CommonLII	13
Government Security Fire Insurance Co, In re; White's Case	[1879] UKLawRpCh 270; 12 Ch D 511	Court of Chancery	United Kingdom	29 Jul 1879	CommonLII	12
Richmond Hill Hotel Co, In re; Pellatt's Case	[1867] UKLawRpCh 47; (1867) LR 2 LRCh App 527		United Kingdom	13 Apr 1867	CommonLII	10
SEAA Enterprises Pty Ltd v Figgins Holdings Pty Ltd	[1998] 2 VR 90; [1997] V Conv R 54-562; [1998] ANZ Conv R 377		Australia - Victoria	circa 1998	LexisNexis AU	7
Pro-Image Studios v Commonwealth Bank of Australia	(1991) 4 ACSR 586; (1991) 9 ACLC 671		Australia	circa 1991	LexisNexis AU	7
Coren v Keighley	(1972) 48 Tax Cas 370		United Kingdom	circa 1972		7
LB Holliday & Co Ltd, Re	[1986] 2 All ER 367; [1986] BCLC 227		United Kingdom	circa 1986	LexisNexis	6
Lowry (Inspector of Taxes) v Consolidated African Selection Trust Ltd	(1940) 23 Tax Cas 259; 109 LJKB 539	King's Bench	United Kingdom	circa 1940		6
Messer v Deputy FCT	[1934] HCA 39; (1934) 51 CLR 472; [1934] ALR 364; 3 ATD 25	High Court of Australia	Australia - Commonwealth	13 Sep 1934	AustLII	6
Gardner v Commissioner of Probate Duties	[1967] WAR 106		Australia - Western Australia	circa 1967	LexisNexis AU	3
R Harding and Co Ltd (In Liquidation) v Hamilton NZCA	[1929] NZGazLawRp 33; [1929] NZLR 338; (1929) 30 GLR 225	New Zealand Gazette Law Reports	New Zealand	6 May 1929	NZLII	3
Stanton (Inspector of Taxes) v Drayton Commercial Investment Co Ltd	(1982) 55 Tax Cas 286		United Kingdom	circa 1982		2
Shearer (Inspector of Taxes) v Bercain Ltd	(1980) 53 Tax Cas 697		United Kingdom	circa 1980		2
Northern Roller Milling Co Ltd v Commissioner of Taxes	[1953] NZLR 517		New Zealand	circa 1953	LexisNexis	2
Federal Traders Ltd, In re	[1934] SAStRp 35; [1934] SASR 174		Australia - South Australia	2 Aug 1934	AustLII	2
Goodman Brothers Auto & Service Co Ltd, In re; Ex parte Rose	[1927] SAStRp 64; [1927] SASR 571	Supreme Court of South Australia	Australia - South Australia	5 Dec 1927	AustLII	2
PJ Underwood v HM Revenue and Customs	[2008] EWHC 108	High Court of England and Wales	United Kingdom - England and Wales	circa 2008	BAILII

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