Mingos v CofT – Taxpayer appeals Federal Court’s decision denying him the ‘main residence’ exemption on a distribution of the gain on the discretionary trust’s house

The taxpayer has appealed to the Full Federal Court against the decision of Davies J in Mingos v CofT [2019] FCA 834. The Federal Court had held that the taxpayer was not entitled to the CGT main residence exemption as he did not have an “ownership interest” in a property sold by a discretionary trust.

See below for a summary of the decision the subject of the appeal.

FJM 29.6.19

[Tax Month – June 2019]