We recently surveyed our Lawyers Section Members to vote on what new calculators they would like to see.
And the winner was ….. Fox v Wood Calculator.
So we are pleased to announce the latest calculator in the Lawyers Section of Dolman Bateman being the Fox v Wood Calculator.
The principle established in Fox v Wood(1981) 148 CLR 438 is that the plaintiff is entitled to recover the additional income tax paid in respect of refundable workers compensation receipts. See our article on Fox v Wood.
Fox v Wood is calculated as the difference between the tax on the plaintiff’s taxable income and the tax on the plaintiff’s taxable income less the refundable workers compensation.
The Fox v Wood Calculator is exclusive to the Lawyers Section of Dolman Bateman.
To find out more about joining the Lawyers Section and accessing all of our great calculators click here.