From pointonpartners.com.au: The End of April Tax Update discusses recent developments in taxation law, including the cancellation of a portion of a taxpayer’s debt on serious hardship grounds, the application of Part IVA to negate a capital loss on shares, and the distinction between capital and income regarding proceeds from land development.

It also outlines changes to the fixed-rate method for calculating work-from-home expenses and a ruling on payments from workplace dispute settlements not qualifying as personal injury compensation.

Key cases include VBNX and FCT, Merchant v Commissioner of Taxation, Morton v Commissioner of Taxation, and XRXR and FCT.