Re Nelson and FCT – taxpayer appeals AAT decision that he was not carrying on primary production business and not entitled to deductions (41)

The taxpayer has appealed to the Federal Court against the decision in AAT Case [2012] AATA 579, Re Nelson and FCT. The AAT had affirmed that the taxpayer was not carrying on a business of primary production during the 2004 to 2009 years of income on his 500 acre property in Queensland and that therefore he was not entitled to deductions in respect of improvements he made to the property and other expenses he incurred, including the depreciation of assets.

 [LTN 191, 3/10]