FCT v Macoun – taxpayer seeks leave to appeal to the High Court from decision that a World Bank pension was not exempt from tax [27]

The taxpayer has applied for special leave to appeal to the High Court against the decision in FCT v Macoun [2014] FCAFC 162. The Full Federal Court had unanimously allowed the Commissioner’s appeal from an earlier AAT decision, effectively finding that an early retirement pension received by a resident taxpayer from the World Bank was not exempt from Australian income tax.

[LTN 80, 29/4/15]