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Summary of the Case
The case Ferguson v FCT (1979) 9 ATR 873 is an appeal case. Ferguson (tax payer) was a member of the Royal Australian Navy and before he was about to retire, he had formed is retirement plans of establishing a business of primary production. In order to start his business he entered into an arrangement with Cattle Leasing Ltd who specialized in the leasing of cattle, made available to Ferguson five Charolais half-cross cows for a period of four years. He also entered in another separate arrangement with Gunn Rural Management Pty Ltd for them to manage the cattle- looking after the heifers, their progeny and the descendants for a period of ten years. The cattle were to be artificially inseminated to produce pure-bred Charolais and selling the male progeny. Ferguson also expressed intention into entering the agreements to buy the stock at cheap prices, starting with approximately 200 breeders on his own property. In doing this he had incurred expenses......



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Title: Case Analysis
Approximate Word Count: 3608
Approximate Pages: 15 (250 words per double-spaced page)

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