This Decision impact statement provides the ATO’s response to the Full Federal Court decision as well as the preceding first instance decision, which concerned the application of the GST margin scheme to the sale of multiple interests in land in a single transaction and the scope for judicial review of rulings relating to notional GST issues.
Source: ato.gov.au
Latest Posts in "Australia"
- US Tariff Overhaul Spurs Refund Rush, New Duties for Australian Exporters Amid Policy Uncertainty
- Australia Unveils Tougher Penalties for Tax Adviser Misconduct, Holding Partners Accountable
- Government Announces Additional Fuel Excise Cut and GST Windfall Return for Motorists and Businesses
- ATO Urges Businesses to Review GST Turnover, Update Reporting Methods Before July 2026
- EU-Australia Free Trade Deal Boosts Exports, Faces Criticism Over Agricultural Quotas and Protections
