All Topics / The Treasure Chest / Split Loan Decision

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  • Profile photo of grizzlygrizzly
    Member
    @grizzly
    Join Date: 2002
    Post Count: 4
    March 26, 2003 - 1:24 pm

    The High Court of Australia has advised that the hearing of the ATO’s
    application to seek special leave to appeal the unanimous decision of the
    Full Federal Court, in favour of Wealth Optimiser, will be now heard on
    Friday 11th April 2003.
    The High Court can either grant or deny the ATO special leave to appeal.
    If leave is denied then that ends the legal process. Wealth Optimiser will
    have, after a long 6 year battle, won your legal right to claim capitalised
    interest under its single split loan structure.
    If leave is granted to the ATO to appeal we will continue the legal battle
    to win your rights. An appeal should be heard in 6 months time with a
    judgement likely to be handed down in a further two months.

    Profile photo of NathanNathan
    Member
    @nathan
    Join Date: 2002
    Post Count: 77
    March 26, 2003 - 1:46 pm

    Less than three weeks away! Should be interesting!! Who is tipping a victory for the taxpayer??

    thanks for the update!!!

    Cheers,

    Nathan

    Profile photo of bkw319bkw319
    Participant
    @bkw319
    Join Date: 2003
    Post Count: 8
    March 26, 2003 - 2:30 pm

    If the taxpayer wins I predict that the ATO will just change the law in its favour anyway.[xx(]

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