CGT MNAV test: How much is a business vendor’s restrictive covenants worth?
Sadly, for the applicant, not much “separately” as AAT Deputy President McCabe held in Miley and FCT [2019] AATA 5540 (23 December 2019, reported at 2020 WTB 1 [25]). This issue was agitated by the applicant in his third piece of litigation with the Commissioner. The case highlights the importance of valuation methodologies in tax … Read more
