What is your view re: compulsory business expenses and their deductibility under s8-1 ITAA97 where

What is your view re: compulsory business expenses and their deductibility under s8-1 ITAA97 where

they are incurred AFTER the business ceases to operate?
How does this compare to expenses

such as legal fees? (5 marks)

2) Question “Specific Deductions”

Explain the difference between capital improvements compared to Repairs and Maintenance, giving consideration to a taxpayer who owns a rental property.

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