- Hannover Life (taxpayer) wins case against Commissioner of Taxation
- Full Federal Court dismisses ATO’s appeal
- Court upholds taxpayer’s right to claim input tax credits for overhead acquisitions related to input taxed and GST-free supplies
- Rejects ATO’s argument against taxpayer’s apportionment methodology
- Revenue-based apportionment deemed reasonable in commercial and contractual circumstances
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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