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A costly mistake - Thompson v Leigh [2006] NSWSC 540

Published on 01 Nov 06 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Contracts for the purchase of land were mistakenly entered into by an individual, rather than by the intended purchaser, which was the trustee of a unit trust. Steps were taken to rectify the mistake, but these proved to be sorely lacking when the individual subsequently became bankrupt.

Author profile:

Jeffrey Chang CTA
Jeffrey is a Partner at Thomson Geer, where he advises on a wide range of taxation, structuring and superannuation issues with a focus on privately-held businesses and high wealth family groups. His is accredited by the Law Institute of Victoria as a taxation specialist. He has held a variety of committee roles with The Tax Institute and is presently a member of the Victorian State Council. Jeffrey is the author of numerous tax articles published in professional journals, and a regular presenter at The Tax Institute's seminars. Current at 06 June 2016 Click here to expand/collapse more articles by Jeffrey CHANG.
 
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