The taxpayer has applied for special leave to appeal to the High Court against the decision of the Full Federal Court in Cyonara Snowfox Pty Ltd v FCT [2012] FCAFC 177. The Full Federal Court had dismissed the taxpayer’s appeal against an earlier AAT decision, which had affirmed a GST assessment for particular periods in connection with property transactions concerning the taxpayer’s sale of allotments of land. Broadly, the case concerned the timing of election for the use of the margin scheme, and the supply of land as a going concern.

[LTN 26, 8/2/13]