Fox v Wood Calculator
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.
Disclaimer: The information provided in this article is general in nature and does not constitute personal financial, legal or tax advice. All content relates to the current financial year only. Future changes to tax laws, thresholds or administrative requirements may affect the accuracy or relevance of this information, so you should always confirm that the guidance remains current. While every effort has been made to ensure accuracy at the time of publication, Dolman Bateman accepts no responsibility or liability for any loss or damage arising from reliance on this information. You should seek professional advice tailored to your circumstances before making any financial or tax decision.