# Federal Court of Australia threw out an assessment from the tax authority’s commissioner that a subsidiary of Shell plc owed an additional A$99 million ($72 million) in capital gains taxes.

*business · news · 2026-05-11 · Bloomberg Tax News*

## Key points

- The Federal Court of Australia overturned a tax assessment against Shell's subsidiary.
- Shell Energy Holdings Australia won a dispute over A$99 million in alleged capital gains taxes.
- Judge Jackman determined the 1997 Woodside share valuation was $11.12 per share.
- The court set aside the Australian Tax Office's objection decision from February 2024.

**Companies:** Shell plc, Woodside Petroleum Limited
**Countries:** Australia

[Read the full story on Bloomberg Tax News](https://news.bloombergtax.com/daily-tax-report/australian-court-sides-with-shell-in-capital-gains-tax-dispute)

---

Canonical: https://newsio.io/n/3d358e9f-0a26-492e-978f-49d740152780/federal-court-of-australia-threw-out-an-assessment-from-the-tax-authoritys-commi
Summarized by Newsio from Bloomberg Tax News. https://newsio.io/how-it-works