RevenueSA has issued Revenue Ruling FHOG005 (Relief for Australian Defence Force personnel) which sets out details of the SA Treasurer’s approval for ex gratia payments equivalent to the First Home Owners Grant (FHOG) for eligible ADF personnel applying for the FHOG but are unable to satisfy the residence requirements due to posting or deployment across…
RevenueSA on Fri 16.1.2015, issued Revenue Ruling SDA009 (Conveyance by direction). In a majority of situations involving the sale of land, the transferee named in the Memorandum of Transfer is the same person named as the purchaser in a contract for the sale of that land. In such cases, duty is imposed on the transfer.…
RevenueSA has issued Revenue Ruling ESL001. In the 2014-15 SA Budget, the SA Government removed the fixed property Emergency Services Levy (ESL) remission (better known as the “General Remission”) on all properties except principal places of residence owned by eligible pensioners and concession card holders. The Ruling advises that the General Remission has been reinstated…
The Qld Office of State Revenue (OSR) has advised that it will be issuing a mail out to promote voluntary compliance for landholders with a land tax home exemption. Once granted to the taxpayer, the exemption will continue to apply until the property is sold, or the taxpayer advises the OSR that their circumstances have…
A taxpayer has been unsuccessful before the Victorian Supreme Court in a matter concerning when a notice of assessment was served on him and therefore the 60-day time limit to object to that assessment under the Taxation Administration Act 1997 (Vic). On 26 September 2007, the assessment was served by post to the taxpayer at the last…
Three taxpayers have been successful before the Qld Civil and Administrative Tribunal in a matter arguing against the aggregation of dutiable transactions under s 30 of the Duties Act 2001 (Qld). The taxpayers were beneficiaries of a testamentary discretionary trust. The trust’s assets included 2 residential properties – the first valued at $560,000 and the second…
In a decision handed down on Wed 28.1.2015, the NSW Civil and Administrative Tribunal affirmed a decision refusing the primary production land tax exemption that had been claimed by one of the taxpayers in respect of a property for the 2009 to 2013 land tax years. In 2013, one of the taxpayers applied for the…
The Taxpayers (a couple) have, in the main, been unsuccessful before the NSW Supreme Court in seeking the intended principal place of residence (PPR) land tax exemption in respect of a property for the 2002 to 2006 land tax years. The issue was whether the property that was purchased by the taxpayers in 2001 and…
The ACT Civil and Administrative Tribunal has decided to reduce by [20% or 10% points] the penalty tax payable by a couple (the taxpayers) in relation to a land tax default. The taxpayers were the owners of a residential property, which was rented out from May 2012 to May 2014. They objected to the penalty tax arguing that they…
The Payroll Tax Rebate Scheme (Jobs Action Plan) Regulation 2015 (NSW) was published on 23 January 2015. Under the Payroll Tax Rebate Scheme (Jobs Action Plan) Act 2011 (NSW), certain employers may be eligible for a rebate amount of $3,000 instead of $2,000 in relation to the first year of employment of a “fresh start employee” whose employment with…