The WA Treasurer Christopher Porter on Thur 17.5.2012, delivered the 2012-13 WA Budget which announced a payroll tax rebate for small businesses. Small businesses with a payroll up to $1.5m for the 2012-13 financial year will receive a full rebate of all payroll tax paid in 2012-13. Small businesses with a payroll of between $1.5m…
The NT Budget 2012-13 was handed down on Tue 1.5.2012. The NT Treasurer announced that the Government will defer the abolition of stamp duty on non-land business property including goodwill, licences and intellectual property, previously scheduled for 1 July 2012, until “the budget situation permits”. The NT Treasurer also announced an extension of the BuildBonus…
The Victorian Treasurer on Tue 1.5.2012, delivered the 2012-13 Victorian Budget. The Victorian State Revenue Office (SRO) noted that the Government has announced that it will abolish the duty exemption for grants of Crown land as part of the Budget. The exemption for the dedication of a free and perpetual right of way for the…
The Victorian State Revenue Office (SRO) has issued Payroll Tax Revenue Ruling PTA035 (version 2) (Contractors – 90-day exemption). It explains the operation of the 90-day exemption for contractors under s 32(2)(b)(iii) of the Payroll Tax Act 2007 (Vic). The SRO advises that the Ruling has been reissued to reflect changes in industrial relations law…
A retiree couple have been successful before the WA State Administrative Tribunal in seeking the principal place of residence (PPR) land tax exemption under s 21 of the Land Tax Assessment Act 2002 (WA) despite their home being leased out for a short-term period as at the relevant date (30 June 2011). The taxpayers had…
The NSW Administrative Decisions Tribunal has affirmed the decision of the Chief Commissioner of State Revenue (NSW) to issue land tax assessments to the relevant taxpayers in relation to a vacant property for the 2004 to 2011 land tax years. The issue concerned a vacant property purchased in September 2003 by 3 individuals (one of…
The NSW Administrative Decisions Tribunal has denied a taxpayer the principal place of residence (PPR) land tax exemption for a property, and therefore, affirmed a land tax assessment for the 2011 land tax year. The matter concerned 2 properties owned (or part-owned) by the taxpayer. The Tribunal noted that the “critical period” for examination was…
The SA Supreme Court has dismissed a taxpayer’s appeal against a stamp duty assessment in respect of an agreement, which was assessed on the basis that there had been a conveyance of property under either s 71(3)(a)(iii) or s 71(3)(b) of the Stamp Duties Act 1923 (SA). The matter concerned negotiations between 2 parties in…
The NSW Administrative Decisions Tribunal has denied the primary production land tax exemption claimed by husband and wife taxpayers in relation to bee breeding operations under s 10AA(3)(b) of the Land Tax Management Act 1956 (NSW) for the 2009 land tax year. The taxpayers purchased the subject property in 2005 and had hoped to commence…
The Appeal Panel of the NSW Administrative Decisions Tribunal has held that a trust deed amendment which “mirrored” the relevant statutory language contained in s 3A(3B) of the Land Tax Management Act 1956 (NSW) did not have the effect of converting a special trust to a fixed trust. The matter concerned a property unit trust…