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(solution) Which one of the following statements is true


Which one of the following statements is true?In the decision of Jarrold (Inspector of Taxes) v Boustead (1964) 3 All ER 76 it was held that the fee paid for the relinquishing of amateur status for life was ordinary income for the taxpayer.In the decision of AAT Case 7422 none of the receipts received by the footballer taxpayer were held to be assessable income.In the decision of Scott v Federal Commissioner of Taxation (1966) 117 CLR 514 it was held that the gift of 10,000 pounds by a client to the solicitor was remuneration for services rendered.In the decision of FCT v Whitfords Beach Pty Ltd 82 ATC 4031 it was held that the subdivision and sale of the land had gone beyond the mere realisation of a capital asset, and the sale receipts were assessable income.In the decision of FCT v Rowe 97 ATC 4317 the gratuitous (non-compulsory) reimbursement by the Queensland Government of a taxpayer s legal costs was held to be assessable income for the taxpayer

 


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