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Tax cases: Full Federal Court upholds Commissioner’s assessments in Raftland appeal

Published on 01 Jul 07 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

In January 2007, the Full Federal Court heard an appeal from the decision of Keifel J in the Federal Court in the case of Raftland Pty Ltd v Commissioner of Taxation [2007] FCAFC 4. The Federal Court had upheld an amended assessment issued by the Commissioner of Taxation to include $4.205 million in the assessable income of the taxpayer, after the Commissioner disallowed the taxpayer’s purported distributions of income to a unit trust with accumulated losses because it was a sham.

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AMBRY LEGAL

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