INCOME TAX – where the applicant taxpayer received some $33 million in receipts from bank accounts in Vanuatu between the 2005 and 2015 income years – where the applicant’s sister, and her wider family, owned a successful supermarket business in Vanuatu – where the applicant worked as a general manager in that business before retiring to Australia in 2000 – where the applicant’s evidence that the receipts were capital transfers in the nature of gifts of the wider family accepted – whether the transfers from Vanuatu constituted income under ordinary concepts – appeal allowed
Original article available at: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2024/2024fca1370
For more information, see the original judgement.
