The taxpayer has appealed against the decision in Decleah Investments Pty Ltd and Anor as Trustees for the PRS Unit Trust and FCT [2017] AATA 2418. In that case, the AAT ruled that the taxpayer company had not provided an approved valuation for the purposes of the GST Act when applying the margin scheme to calculate GST payable on the supply of subdivided lots.

[LTN 7, 11/1/18; Related TM Article; Tax Month January 2018]

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