Commissioner of Taxation v Morton: is the farm being sold on capital or revenue account?

In this episode of Tax Archives with Fletch and Sarah, we look at the Full Court's decision in Commissioner of Taxation v Morton and unpack what it means for landowners caught in the path of urban sprawl, developers and their advisers. The case is a reminder that even a 1,600-lot subdivision can be a mere realisation of a capital asset — but what was critical for Mr Morton will not be critical for all landowners (or developers). The terms of any development agreement are key. Listen now.