News in brief… 19 December 2025

ATO seeks leave to appeal foreign resident capital gains tax decision; Productivity Commission publishes final reports on five pillars of productivity inquiries; Government consults on Better Targeted Super Concessions draft legislation; Draft legislation to streamline beneficiary TFNs reporting released for consultation; Enhanced Regulatory Sandbox review consultation paper released; WA Government revises up operating surpluses for 2025-26, beyond

ATO seeks leave to appeal foreign resident capital gains tax decision The Australian Taxation Office (ATO) says it has sought leave to appeal the Federal Court's decision in YTL Power Investments Limited v Commissioner of Taxation of the Commonwealth of Australia [2025] FCA 1317. The Court, in October 2025, dismissed the Commissioner of Taxation's broad view of the meaning of 'real property' under Division 855 of the Income Tax Assessment Act 1997 (Cth) (Division 855), and instead found tha...

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Published Date: 19 December 2025