Non-Profit News Service No. 0248 - Deductibility of management fees - High Court decisions (Spriggs & Riddell)

On 18 June 2009, the High Court handed down its decisions in Spriggs v. Federal Commissioner of Taxation; Riddell v. Federal Commissioner of Taxation.

The High Court allowed the taxpayers' appeals and held that fees they paid to their managers for negotiating contracts with their new clubs were allowable deductions.

The Tax Office is considering the decisions and will be providing further advice to taxpayers in due course.

We previously reported the Full Federal Court decisions on the cases in Non-Profit News Service no. 0228 - Sports players appeal to High Court to deduct management fees.

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