Home / News / The Tax Summit Session 5.3: When is something on revenue account — revenue vs capital

The Tax Summit Session 5.3: When is something on revenue account — revenue vs capital

New Chambers’ Chris Peadon presented a paper at the Tax Institute’s National Tax Conference in Melbourne on 3 September 2025 addressing the perennial issue of “when is an amount on revenue or capital account”.

The paper addresses the key authorities, lays out in a straightforward manner the key principles, and analyses the Federal Court of Australia’s recent decision in Morton’s case concerning the character of the proceeds of sale of a large property development outside of Melbourne.

This is one of a number of recent papers Chris has prepared and presented at conferences for professionals. Other recent papers addressed the application of Part IVA (the General Anti-avoidance Provisions) and expert evidence in Transfer Pricing Cases.

Chris has appeared in leading cases concerning the application the capital / revenue distinction (Healius), transfer pricing (Singtel) and is engaged in several current matters concerning the application of Part IVA. He otherwise has a diverse advisory and disputes practice covering all major state and Federal taxes. His expertise is recognised in all leading peer publications, including being one of only 2 junior counsel in Australia included in Lexology’s List of Best Tax Barristers published earlier this week.

Please contact the Clerk, Ms Angela Noakes, for enquiries as to Chris’ availability.

A copy of Chris’ paper can be found here: Tax Summit Paper (Revenue v Capital) (1 Sept 2025 Final)

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