Peter Greensill Family Co Pty Ltd (trustee) v Commissioner of Taxation [2020] FCA 559

TAXATION – appeal under s 14ZZ of the Taxation Administration Act 1953 (Cth) – assessment of trustee under s 98 of the Income Tax Assessment Act 1936 (Cth) –whether capital gains distributed to a non-resident beneficiary were assessable to the resident trustee – whether capital gains were disregarded under s 855-10(1) of the Income Tax Assessment Act 1997 (Cth) (ITAA 1997) – where beneficiary deemed to have capital gains under Subdiv 115-C of the ITAA – appeal dismissed

Full decision here