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ARTICLE · 17 AUGUST 2025

Mid-August Tax Update

Pointon Partners
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Update on key developments in taxation law for accountants and participants in the tax advice industry for mid-August.

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Tony Pointon
Tony Pointon
Andrew Pointon
Andrew Pointon
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This article provides an update on key developments in taxation law for accountants and participants in the tax advice industry for mid-August. This update in summary covers:

  1. Federal Court's rejection of Taxpayer's claim for approximately $20m in deductions;
  2. Whether payment for Long Service Leave incurred in Income Year;
  3. Businessman failed to prove assessments were excessive for failing to keep proper records; and
  4. Successful Poker Player failed to account for $9.25m in deposits were not assessable income.

Further, these cases highlight the importance of record keeping, and unfortunately for some of these taxpayers, their credibility in the Tribunal and Federal Court.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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