*Re Nash v FCT – Commissioner appeals AAT decision that GIC is deductible in the period to which it is referable (not the period in which it is imposed) [42]

The Commissioner has lodged a notice of appeal to the Federal Court against the decision of Deutsch DP in AAT Case [2012] AATA 719, Re Nash and FCT. In that case, the AAT held that the taxpayer was entitled to deductions for General Interest Charge (GIC) accrued amounts for each year to which the GIC was referable.

[LTN 221, 14/11]