Question: The second positive limb for the general deductions provision in section 8-1(1)(b) ITAA97 imposes a stricter nexus test than for the first positive limb in
The second positive limb for the general deductions provision in section 8-1(1)(b) ITAA97 imposes a stricter nexus test than for the first positive limb in section 8-1(1)(a). This is because the word necessarily limits deductions for business taxpayers to unavoidable expenses.
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