The taxpayer has lodged a notice of appeal to the Federal Court against the decision in AAT Case [2013] AATA 93, Re Batchelor and FCT. The AAT had decided that a repayment of a deposit paid upon entering into a contract to buy a retirement village was an assessable recoupment pursuant to s 20-20 of the ITAA 1997.
[LTN 51, 15/3/13]