Vic: Comr of State Revenue (Vic) v Danvest Pty Ltd & Anor – purchase of interest in land-owning partnership not liable for duty – partnership interest was personalty (not, relevantly, an ‘interest in land’)
The Victorian Court of Appeal has dismissed an appeal by the Commissioner of State Revenue and ruled that the sale and purchase of a partner’s interest in a land-owning partnership was not a “transfer of dutiable property” because a partner’s interest in a land-owning partnership is not an ‘interest in’ an ‘estate in fee simple’ in…