*Sent v FCT – High Court refuses taxpayers application for leave to appeal the decision that he had derived the bonuses he directed to a share trust [36]

The High Court has refused the taxpayer’s application for special leave to appeal against the decision of the Full Federal Court in Sent v FCT [2012] FCAFC 187. The Full Federal Court had dismissed the taxpayer’s appeal and held that the full amount of accrued and unaccrued bonus entitlements of id=”mce_marker”1.6m that were instead paid into an executive share trust on the taxpayer’s behalf had been derived by the taxpayer as ordinary income.

[LTN 89, 13/5/13]