The NSW Civil and Administrative Tribunal has refused a couple’s (the taxpayers’) request for the principal place of residence (PPR) land tax exemption to apply to their new home for the 2013 land tax year. The couple had purchased a new home and settlement of the purchase occurred on 17 May 2012. The couple then made arrangements…
The NSW Civil and Administrative Tribunal has ordered the Commissioner to exercise his discretion to de-group 3 taxpayers under s 79 of the Payroll Tax Act 2007 (NSW). The Commissioner had issued payroll tax assessments to the taxpayers for the financial years 2008 and 2012. During the relevant years, one of the taxpayers (Excell Management Pty…
The Revenue Laws Amendment Bill 2014 (WA) was introduced into the WA Legislative Assembly on 14 May 2014. It proposes to amend 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 to the first homebuyer transfer duty concession;…
The WA Government says it has “informally reviewed the operation of the existing land tax exemption for primary production to look at options for modernising and simplifying the exemption”. WA Treasurer Mike Nahan said the review’s recommendations included: simplifying existing exemption requirements, clarifying the application of the exemption where land is used for both primary…
The WA Budget 2014-15 was handed down on Thur 8.5.2014. The WA Treasurer Mike Nahan announced changes to the stamp duty concession for first homebuyers. For the full concession, the threshold for a house will be reduced to $430,000 (from $500,000). [LTN 86, 8/5/14]
The Building a Better Victoria (State Tax and Other Legislation Amendment) Bill 2014 (Vic) was introduced into the Victorian Legislative Assembly on Tue 6.5.2014. It proposes amend the following Victorian Acts: the Duties Act 2000, the First Home Owner Grant Act 2000, the Land Tax Act 2005, the Payroll Tax Act 2007, and the Taxation…
The State Taxation Legislation Amendment Bill 2014 (Vic) has passed all stages of the Victorian Parliament, with 4 Government amendments made in the Legislative Assembly, and awaits Royal Assent. The Bill implements a number of measures announced in the Victorian State Budget Update for 2013-14 (handed down in December 2013), including measures in relation to the congestion…
The following Tasmanian Bills were introduced in the Tasmanian House of Assembly on 7 May 2014: Employment Incentive Scheme (Payroll Tax Rebate) Amendment Bill 2014 – proposes to amend the Employment Incentive Scheme (Payroll Tax Rebate) Act 2009 (Tas) to implement a fourth tranche of the payroll tax rebate scheme and provide payroll tax incentives for medium…
The Victorian Budget 2014-15 was handed down on Tue 6.5.2014. The Victorian Treasurer Michael O’Brien announced the State Budget “will deliver an operating surplus of id=”mce_marker”.3bn in 2014-15 growing to $3.3bn by 2017-18.” Revenue measures announced included: from 1 July 2014, payroll tax rate will be reduced from 4.9% to 4.85%; from 1 July 2014, the duty payable on…
The State Revenue Legislation Further Amendment Bill 2014 (NSW) was introduced into the NSW Legislative Assembly on Thur 29.5.2014. It contains: amendments to the Payroll Tax Act 2007 (NSW) to clarify and restrict certain exceptions from the contractor provisions under that Act; amendments to the Payroll Tax Rebate Scheme (Jobs Action Plan) Act 2011 (NSW)…