RevenueSA has issued the following Information Circulars: Information Circular 70 advises the interest rates applied to tax defaults or refunds for 2014-15. Information Circular 71 and 72 provide a summary of changes for land tax and the emergency services levy. RevenueSA has also released 2014-15 Land Tax Guide to Legislation which provides a guide to…
The Qld Office of State Revenue has updated the following Public Rulings: Public Ruling TAA000.1.6 (Part 6 of the Taxation Administration Act 2001 (Qld) – objections, reviews and appeals) – clarifies the objection, appeal and review rights available to taxpayers. The Ruling took effect on 1 July 2014. Public Ruling DA000.1.3 (Private rulings on unexecuted instruments or…
A taxpayer has been unsuccessful before the Supreme Court of Victoria in arguing that a transfer of land to it to act as “agent” for partners in a partnership was exempt from duty or was liable to a nil assessment only. The matter involved the transfer of 3 blocks of land to the taxpayer. Under…
The Qld Office of State Revenue (OSR) has updated Public Ruling TAA060.1.5 (Remission of unpaid tax interest). Given the abolition of mortgage duty from 1 July 2008, the OSR says references to reassessments of mortgage duty under s 291 of the Duties Act 2001 (Qld) have been removed from the examples of exceptional circumstances in which the Commissioner may exercise…
The ACT Revenue Office has released the following updates: Land tax 2014-15 – new marginal rates for residential land tax; Interest rates for 1 July 2014 to 31 December 2014; Changes to the Land Rent Scheme for land rent leases entered into on or after 1 October 2013; Rates and Fire and Emergency Services Levy – changes for 2014-15; First Home…
A taxpayer has been unsuccessful before the NSW Civil and Administrative Tribunal in a matter concerning a land tax assessment issued for the 2010 land tax year. The decision under review was the disallowance by the Commissioner of an objection by the taxpayer against an assessment issued on 18 January 2010 (the relevant assessment) of land tax…
A taxpayer has been successful before the NSW Civil and Administrative Tribunal in arguing that wages paid to its employees for services provided to non-profit organisations were exempt wages under the employment agency contract provisions under the Payroll Tax Act 2007 (NSW). The Commissioner assessed the taxpayer to payroll tax for the years ended 30 June 2010…
The NSW Supreme Court has affirmed a payroll tax assessment (including interest and penalty tax) issued to a taxpayer for the relevant periods. It also affirmed the Commissioner’s decision not to exclude the taxpayer from its group with another company for payroll tax purposes. The taxpayer disputed the Commissioner’s decision to assess it as liable…
The Treasury Legislation Amendment Bill 2014 (NT) received Assent on 26 June 2014 as Act No 24 of 2014. It had passed all stages without amendment and implements the NT Budget 2014-15 proposal to target the First Home Owner Grant (FHOG) to new homes. [LTN 124, 1/7/14]
The Revenue Laws Amendment Bill 2014 (WA) received Royal Assent on 2 July 2014 as Act No 15 of 2014. It had passed all stages without amendment and amends the Duties Act 2008 (WA) and the Land Tax Act 2002 (WA) to implement 2 of the revenue measures announced in the 2014-15 WA Budget, which make changes…