*Hua Wang Bank Berhad & Ors v FCT – taxpayers appeal Court’s decision that they were resident and taxable on sale of ASX listed shares [19]

The taxpayers have appealed to the Full Federal Court against the decision in Hua Wang Bank Berhad & Ors v FCT [2014] FCA 1392. In that case, the Federal Court found the 5 companies were resident of Australia and liable to pay tax here on the proceeds of the sale of shares in ASX listed entities.

[LTN 21, 3/2/15]