Published on 01 Mar 05
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
Lindsay of the Administrative Appeals Tribunal has held in AAT Case  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.
Maree Yong CTA
Maree works for Deloitte Touche Tohmatsu. Current at 25 August 2011
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