shopping_cart

Your shopping cart is empty

Tax Case: Capital gains everywhere in settlement of actions

Member Price: $22.00
Non Member Price: $28.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 01 Mar 05 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Lindsay of the Administrative Appeals Tribunal has held in AAT Case [2005] AATA 72, Re G Cassegrain & Co Pty Ltd and C of T that a $9.5 million settlement payment made to the taxpayer, a family company, was assessable as a capital gain. The case raises some intricate and fundamental issues of the operation of the CGT in the context of settlement of actions.

Author profile

Maree YONG
Click here to expand/collapse more articles by Maree YONG.

 

Copyright Statement