NSW land tax: Lo v Chief Comr of State Revenue – taxpayer loses principal place of residence land tax exemption appeal [110]

In a decision handed down on Tue 18.6.2013, the NSW Court of Appeal dismissed a taxpayer’s appeal against an earlier decision which had refused the taxpayer’s claim for the principal place of residence (PPR) land tax exemption for the 2005 to 2009 land tax years (inclusive). The taxpayer was assessed as liable for land tax…

SA: payroll tax exporters rebate; land tax; interest rates, etc – Information Circulars [114]

RevenueSA has issued the following Information Circulars: Information Circular 58 – interest rates in respect of refunds (for successful taxpayer objections and appeals) and tax defaults effective from 1 July 2013; Information Circular 59 – 2013-14 Emergency Services Levy rates; Information Circular 60 – cessation of the SA Payroll Tax Exporters Rebate Scheme; and Information Circular 61…

NSW land tax: Rajan & Anor v Chief Comr of State Revenue – double tax relief for secondary taxpayer correctly calculated [109]

In a decision handed down on Wed 5.6.2013, the NSW Administrative Decisions Tribunal affirmed land tax assessments issued to a secondary taxpayer for the 2010 to 2012 land tax years. The 2 taxpayers in the case jointly owned 2 properties. In addition, one of the taxpayers (the secondary taxpayer) solely owned 2 other properties (one…

Taxation revenue falls in March quarter: ABS [118]

The ABS today [Tue 4.6.2013] released the Government Finance Statistics, March Quarter 2013. In the March quarter 2013, the stats show: Taxation revenue decreased 2.9% to id=”mce_marker”02.5bn, General government sector expenditure exceeded revenue resulting in a GFS net operating balance of -$4,676m and The GFS net lending(+)/borrowing(-) position for the general government sector was -$7,967m. [FJM Note:    I’m not…