Vic stamp duty: – Kloester v Comr of State Revenue – property purchased in parents’ names – exemptions refused

Two taxpayers have been unsuccessful before the Victorian Civil and Administrative Tribunal in seeking exemptions under either sections 34 (property vested in apparent purchaser) or 36 (property passing to beneficiaries of a fixed trust) of the Duties Act 2000 (Vic) in relation to a property purchased in the names of the parents of the first…

Tax Month – January 2016

Tax Technical – Monthly News – January 2016 Developments – This is a collection of developments in Australian tax law and practice that occurred in January 2016 and which aims at being of relevance to tax practioners.* Compiled By F John Morgan A member of the Victorian Bar (www.FJMtax.com) Liability limited by a scheme approved…