The Commissioner has lodged a notice of appeal to the Federal Court against the decision in AAT Case [2012] AATA 660,. In that case, the AAT held that the Commissioner had incorrectly calculated the tax payable on the taxable component of an employment termination payment (ETP) by not allocating deductions and prior year losses in a manner most favourable to the taxpayer. Note that the Federal Court registrar refers to the taxpayer as “Boyne” (while the AAT referred to him as “Boyn”).
[LTN 208, 26/10]