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

[2008] ATOTR TR2008/5

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
PJ Underwood v HM Revenue and Customs	[2008] EWHC 108	High Court of England and Wales	United Kingdom - England and Wales	circa 2008	BAILII
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	79
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	487
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
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
Pro-Image Studios v Commonwealth Bank of Australia	(1991) 4 ACSR 586; (1991) 9 ACLC 671		Australia	circa 1991	LexisNexis AU	7
Lend Lease Corporation Ltd v FCT	(1990) 95 ALR 427; (1990) 21 ATR 402		Australia	circa 1990	LexisNexis AU	20
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	331
LB Holliday & Co Ltd, Re	[1986] 2 All ER 367; [1986] BCLC 227		United Kingdom	circa 1986	LexisNexis	6
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
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
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
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	95
Coren v Keighley	(1972) 48 Tax Cas 370		United Kingdom	circa 1972		7
Gardner v Commissioner of Probate Duties	[1967] WAR 106		Australia - Western Australia	circa 1967	LexisNexis AU	3
Northern Roller Milling Co Ltd v Commissioner of Taxes	[1953] NZLR 517		New Zealand	circa 1953	LexisNexis	2
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
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	49
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
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
Osborne v Steel Barrel Co Ltd	[1942] 1 All ER 634; 24 Tax Cas 293		United Kingdom	circa 1942	LexisNexis	18
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
Federal Traders Ltd, In re	[1934] SAStRp 35; [1934] SASR 174		Australia - South Australia	2 Aug 1934	AustLII	2
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
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
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
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
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
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
Wragg, Ltd, In re	[1897] UKLawRpCh 50; [1897] 1 Ch 796	Court of Chancery	United Kingdom	19 Mar 1897	CommonLII	27
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
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
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

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