The taxpayers have appealed to the Full Federal Court from the decision of Thawley J in Paule & Ors v CofT [2019] FCA 394. The Federal Court had held that a capital gain made on the sale of shares following a series of roll-overs was not a discount capital gain, as the shares were not deemed to have been held for more than 12 months.

[LTN 81, 1/5/19; Tax Month – May 2019]

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