In FCT v Stone (2005) 222 CLR 289, the amount(s) received were:

Question

In  FCT v Stone  (2005) 222 CLR 289, the amount(s) received were:

Answer

Ordinary income as Stone was considered to be carrying on a business as a professional sportsperson.

Answer

Assessable under the capital gains tax provisions as they were a lump-sum prize.

Answer

Not income as they were prizes and therefore windfall gains.

Answer

Not ordinary income as they were unrelated to her employment as a police officer.

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