The Qld Office of State Revenue (OSR) has updated harmonised payroll tax Public Ruling PTA028.2 (Employment agency contracts – workers on-hired to government). The Ruling clarifies the correct payroll tax treatment of payments made by an employment agent to a worker on-hired to a government department. The Ruling took effect on 1 July 2014. [FJM Note: This…
A taxpayer has been unsuccessful before the Victorian Civil and Administrative Tribunal in a matter concerning the Victorian land rich provisions. The matter concerned an assessment issued to the taxpayer in February 2011 for $5.2m (which comprised $3.8m in duty, $937,775 in penalties, and $488,993 in interest). For the purposes of the proceedings, the taxpayer was acting…
A Full Court of the High Court in Canberra on Tue 4.11.2014 also began hearing the Commissioner of State Revenue’s appeals against the Victorian Court of Appeal decision in Lend Lease Development Pty Ltd & Ors v Comr of State Revenue [2013] VSCA 207. The Court of Appeal had allowed the appeal of the 3…
The NSW Supreme Court has held that payroll tax assessments issued to Newcastle Airport Ltd (NAL) should be revoked. The Chief Commissioner of State Revenue had issued payroll tax assessments to NAL totalling just over $622,000. NAL argued that the wages in respect of which payroll tax was assessed were not taxable wages, but were…
A couple (husband and wife taxpayers) has been unsuccessful before the NSW Court of Appeal in seeking an appeal against an earlier decision which had denied their claim for the primary production land tax exemption under s 10AA of the Land Tax Management Act 1956 (NSW) in respect of a property for the 2007 to 2011…
The Taxation Legislation Amendment Bill (No 2) Bill 2014 (WA) was recently introduced into the WA Legislative Assembly. It proposes to amend the Duties Act 2008 (WA) and the Land Tax Assessment Act 2002 (WA) to modernise the land tax exemption for primary producers following a government review. The amendments propose that the primary production…
The Taxation Legislation (Miscellaneous Amendments) Bill 2014 (Tas) and the Land Tax Rating Amendment Bill 2014 (Tas) have passed the Tasmanian House of Assembly without amendment and have moved to the Legislative Council. The Bills propose to amend the following Tasmanian Acts: the Duties Act 2001, the Land Tax Act 2000, the Taxation Administration Act…
The Stamp Duties (Off-The-Plan Apartments) Amendment Bill 2014 (SA) was recently introduced into the SA House of Assembly. It proposes to amend the Stamp Duties Act 1923 (SA) to extend the stamp duty concession for apartments bought off-the-plan to include a defined inner metropolitan area. The extended off-the-plan stamp duty concession applies to eligible off-the-plan…
The Revenue and Other Legislation Amendment Bill 2014 (Qld) was introduced into the Qld Legislative Assembly on Wed 26.11.2014. The Bill proposes amendments to the Duties Act 2001 (Qld) and the Taxation Administration Act 2001 (Qld) to support electronic conveyancing in Queensland. It also proposes other amendments to the Duties Act, the Taxation Administration Act,…
Pursuant to s 62TBA(7)(c) of the Land Tax Management Act 1956 (NSW), the amount of $432,000 has been determined as the tax threshold for the 2015 NSW land tax year (up from $412,000 for the 2014 land tax year). Further, pursuant to s 62TBC(4) of the Act, $2,614,000 has been determined as the premium rate threshold for…