Interactive Revision · Chapter 4
Chapter 4: Business Income, Non-Cash Benefits and Isolated Profit-Making Transactions Click a square and type one letter. Select Check answers . Correct letters turn green with ✓; incorrect letters turn red with ✕. Change any red letter and check again. The answer key is on a separate page.
Across 2. Magnitude of activities relevant to business character.4. Government payment requiring statutory and ordinary-income analysis.5. Authority relevant to scale and business character.7. Commercial activity assessed using multiple factual indicators.10. Organisation and repetition are indicators of business.11. Intention to profit may support a business conclusion.16. Authority on isolated commercial transactions.17. One-off transaction that can still produce ordinary income.18. High Court authority on sporting receipts and business.Down 1. Authority on indicators of carrying on a business.3. Californian Copper authority concerning profit-making sale of property.5. Authority refining isolated transaction profit principles.6. Authority on isolated commercial profit-making transactions.8. Authority on land development and profit-making business character.9. Character of transactions supporting business status.10. Statutory rule valuing certain non-cash business benefits.12. Property held for sale in the ordinary course of business.13. Profit-making purpose assessed at acquisition or transaction formation.14. Benefit received in a form other than money.15. Authority contrasting hobby or gambling activity with business.Taxation Law in Australia • Interactive Revision • JUNIQ