NSW land tax: Chief Comr of State Revenue v Metricon Qld Pty Ltd – dominant purpose test, in primary production exemption, involves assessing competing physical uses (grazing cattle) not the ‘land-bank’ purpose of holding the land
In confirming that a land development company qualified for the primary production land tax exemption, the NSW Court of Appeal has ruled that any competing use of the land considered in applying the dominant use test must be a physical use of the land. The taxpayer is a property developer, which owns a number of…