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Tax case: Losses lost due to lack of control

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

On 26 April 2005, the High Court unanimously allowed the Commissioner's appeal from the decision of the Full Federal Court in FCT v Linter Textiles Australia (in liq) (2003) 52 ATR 502. The Commissioner won on a ground which had not been considered in the Courts below, but agreed to pay the costs of the appeal.

Author profiles

Anshu MAHARAJ
Anshu is a Senior Associate with Phillips Fox Lawyers.
Current at October 2006
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Prof Richard Vann CTA
Richard is Challis Professor of Law at the University of Sydney and has taught at Harvard and NYU Law Schools and the Universities of Amsterdam, London and Oxford. Richard has worked in the past at the IMF and OECD and held many Government consultancies in Australia and elsewhere. He has been a consultant for specialist tax firm Greenwoods & Herbert Smith Freehills since 1985. Richard specialises in corporate and international taxation on which he has published widely both in Australia and internationally. - Current at 10 November 2021
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