Tag: management fees

Sportsperson management fees – tax deduction
Dec 17

Sportsperson management fees – tax deduction

As discussed back in 2007 at https://thomsonhall.com.au/wordpress/2008/01/16/tax-office-loses-2-court-cases-on-sportsperson-fees-appeals/ , the tax office originally denied tax deductions to 2 sportsperson for fees paid by them to their managers. The taxpayers challenged those decisions and won. We reported that the Tax Office was appealing those decisions. On 22 August 2008, the Full Federal Court handed down a decision…

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Tax Office loses 2 court cases on sportsperson fees – appeals
Jan 16

Tax Office loses 2 court cases on sportsperson fees – appeals

Professional sportspersons often engage managers to, amongst other things, negotiate fees and conditions with team owners. The Australian Tax Office does not believe that these fees are tax deductible. On 23 November 2007, the Federal Court handed down decisions in Riddell v. Federal Commissioner of Taxation and Spriggs v. Federal Commissioner of Taxation. These decisions…

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