Yacoub v FCT – Taxpayer discontinues appeal to Full Federal Court leaving decision they were liable as partners to GST on the sale of the property [61]

The taxpayers have discontinued their appeal to the Full Federal Court against the decision of Jagot J in Yacoub v FCT (2012) 83 ATR 722. In that case, the Federal Court dismissed appeals by taxpayers concerning the Commissioner’s decision to disallow an objection to a notice of assessment for the payment of GST regarding properties sold. It did so on the basis that the taxpayers were in a partnership and were therefore jointly and severally liable for the unpaid balance of GST. The Commissioner has also released a Decision Impact Statement on the AAT’s decision (see below).

[LTN 122, 27/6/13]