*Central Equity Limited & Anor v FCT – taxpayer has discontinued appeal leaving GST payable on pre-1 July 2000 contracts settled after that date [49]

The taxpayer has discontinued its appeal to the Full Federal Court against the decision of Gordon J in Central Equity Limited & Anor v FCT (2011) 82 ATR 550. In that decision, which now stands, Gordon J held that a property developer was liable for GST on apartments sold under enforceable contracts that were signed before 1 July 2000 but did not settle until after that date.

[LTN 37, 25/2/13]