Former Bechtel exec wins appeal, can claim $11.8M share loss as tax deduction
Appeals 2020-03-04 5:15 pm By Miklos Bolza | Sydney
Please login to bookmark Close

A former executive of engineering giant Bechtel will be allowed to deduct over $11.8 million in share losses from his taxable income after successfully challenging a ruling to the Full Federal Court, in a decision that clarifies taxation law for income and capital regarding asset trades.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

For information on rights and reprints, contact subscriptions@lawyerly.com.au