[4051] GST – valuations and the margin scheme
Title
Final Decision impact statement on Decleah Investments Pty Ltd and anor as Trustee for the PRS Unit Trust v Commissioner of Taxation [2021] AATA 4821
Purpose
The final Decision impact statement will provide the ATO’s response to the Administrative Appeals Tribunal decision concerning the calculation of goods and services tax payable under the margin scheme. The Tribunal considered whether a valuation on an ‘as-is basis’ using hindsight information is an approved valuation under the margin scheme provisions in Division 75 of the A New Tax System (Goods and Services Tax) Act 1999.
Expected completion
To be advised
Comments
Draft Decision impact statement on Decleah Investments Pty Ltd and anor as Trustee for the PRS Unit Trust v Commissioner of Taxation [2021] AATA 4821 published on 10 November 2022. Comments close on 9 December 2022.
Source: gov.au
