On 28 April 2020, Hannah Wootton, reporter for the Australian Financial Review, posted an article for that mast head, entitled: Lex Greensill loses 460m tax battle.  This followed the Federal Court decision that day, where his family trust lost an argument that it didn’t have to pay tax on the capital gain from selling shares that were not ‘taxable Australian property’ and distributing the proceeds, to Mr Greensill, who was a non-resident (see related TT article).

See below for the back story on this case.

[Tax Month – April 2020]

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