WA stamp duty: Placer Dome Inc. case – High Court finds ‘landholder’ duty payable – land exceeded 60% as there was no ‘legal’ goodwill
Key News Summary – In the Placer Dome case the High Court found that Barrick Gold had to pay $55m ‘landholder’ duty in its $15b takeover of the gold miner in 2006 – because it did not have non-land assets of more than 40% of its total property, because ‘legal’ goodwill was limited to factors that ‘attract…