Vic – Duty – Lend Lease Development Pty Ltd v Comr of State Revenue –whether payments to the vendor for construction works were part of the consideration for the land transfer? [75]

A Full Court of the High Court in Canberra on Tue 4.11.2014 also began hearing the Commissioner of State Revenue’s appeals against the Victorian Court of Appeal decision in Lend Lease Development Pty Ltd & Ors v Comr of State Revenue [2013] VSCA 207. The Court of Appeal had allowed the appeal of the 3…

*NSW payroll tax – Newcastle Airport Ltd v Chief Comr of State Revenue – assessments revoked because wages exempt as paid by a ‘council’ [74]

The NSW Supreme Court has held that payroll tax assessments issued to Newcastle Airport Ltd (NAL) should be revoked. The Chief Commissioner of State Revenue had issued payroll tax assessments to NAL totalling just over $622,000. NAL argued that the wages in respect of which payroll tax was assessed were not taxable wages, but were…

NSW land tax: Ferella & Anor v Chief Comr of State Revenue – primary production exemption refused by NSW Court of Appeal [73]

A couple (husband and wife taxpayers) has been unsuccessful before the NSW Court of Appeal in seeking an appeal against an earlier decision which had denied their claim for the primary production land tax exemption under s 10AA of the Land Tax Management Act 1956 (NSW) in respect of a property for the 2007 to 2011…

SA: Stamp Duties (Off-The-Plan Apartments) Amendment Bill – introduced [70]

The Stamp Duties (Off-The-Plan Apartments) Amendment Bill 2014 (SA) was recently introduced into the SA House of Assembly. It proposes to amend the Stamp Duties Act 1923 (SA) to extend the stamp duty concession for apartments bought off-the-plan to include a defined inner metropolitan area. The extended off-the-plan stamp duty concession applies to eligible off-the-plan…