The taxpayer on Thur 11.10.2012, lodged a notice of appeal to the Full Federal Court against the decision of Gordon J in Bell v FCT [2012] FCA 1042. The Federal Court had dismissed the taxpayer’s appeal from the decision in AAT Case [2012] AATA 45, Re Bell and FCT in which the AAT found that the taxpayer failed to qualify for the CGT small business concessions in relation to a capital gain of $6m made by a family trust to which the taxpayer beneficiary was presently entitled.
[LTN 197, 11/10]