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Two units of Queensland real estate firm Coronis have lost a fight with the tax office over service fee deductions claimed for payments to related entities for the use of the Coronis trade mark, among other trust assets.
An appeals court has confirmed that a restructuring by streetwear retailer City Beach did not involve a $52 million tax avoidance scheme, tossing a challenge by the tax office.
Billabong founder Gordon Merchant has won the ear of the High Court in his fight over what the ATO claims was a "wash sale" of his 10 million shares in the retailer, but the justices have also agreed to hear the tax office's appeal.
Aviation company Corporate Air Charter is taking its fight over pilot pay up to the High Court, after twice losing its argument that stand-by duty should not be remunerated.
An appeals court has upheld a decision that found a pilot employed by Corporate Air Charter is entitled to be paid for stand-by duty.
Construction PRO
Family-owned real estate group Coronis has successfully challenged the tax office on a $5 million alleged shortfall, with a judge finding service fees paid to two companies in the group were deductible.
The Tax Office has asked the High Court to reverse a landmark ruling that found an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, a decision that affects $50 billion in trust distributions.
An appeals court has found that an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, upending the ATO’s longstanding practice of treating UPEs as part of a trustee's assessable income.
The Full Court has granted a bid for a costs certificate by a former Atanaskovic Hartnell general manager whose win in an employment suit was overturned due to a judge's "uncritical copying and pasting" of submissions.
An appeals court has set aside a $160,000 judgment against Sydney law firm Atanaskovic Hartnell after finding a “time poor” trial judge had copied and pasted submissions in key parts of his ruling.