NSW land tax: Haddad v Chief Comr of State Revenue – principal place of residence exemption – taxpayer loses appeal [62]

The NSW Court of Appeal has affirmed the Commissioner’s decision denying a taxpayer the principal place of residence (PPR) land tax exemption for the 2004 to 2009 land tax years (inclusive). The taxpayer became the owner of the subject property in 2002. Located on the property was a 3-bedroom house and a free-standing corrugated iron…

NSW stamp duty: Bondi Beachside Pty Ltd & Ors v Chief Comr of State Revenue – taxpayers win appeal against additional mortgage duty assessment [61]

Three taxpayers have been successful before NSW Court of Appeal in a matter concerning additional mortgage duty. In an earlier decision, the NSW Supreme Court had in part upheld a decision of the Commissioner that additional mortgage duty was payable by the taxpayers on a deed of variation under which the time for payment by…

Vic: State Taxation Legislation Amendment Bill introduced: congestion levy, gaming arrangements, changes to Fire Services Levy [60]

The State Taxation Legislation Amendment Bill 2014 (Vic) was introduced into the Victorian Legislative Assembly on 4 February 2014. It proposes to implement a number of measures announced in the Victorian State Budget Update for 2013-14 (handed down in December 2013), including measures in relation to the congestion levy and gaming arrangements. Among other things, the Bill also proposes…

Tax practitioner PI insurance will be their focus this year: Tax Practitioners Board Chair [59]

Tax Practitioners Board (TPB) Chair, Ian Taylor, says a key focus this year for the Board is ensuring that all registered agents are meeting their professional indemnity (PI) insurance obligations. This includes the requirement for registered agents to provide the Board with policy details that are up-to-date. The TPB Chair is also encouraging registered agents…

Australian National Audit Office report finds improvements needed in ATO complaints handling processes [57]

The Australian National Audit Office’s Report No 19 assessing the effectiveness of the ATO’s complaints and other feedback management systems in supporting service delivery was tabled in Parliament today [Wed 12.2.2014]. The report noted that the ATO said the main reasons for complaints in recent years were: audit and review activities, in particular concerning the…

Tax Inspector-General calls for submissions for new work program [56]

The Inspector-General of Taxation (IGT), Ali Noroozi, on Mon 10.2.2014, announced the commencement of public consultation for developing his new work program for 2014 and beyond. “My work program seeks to target areas that potentially provide the greatest improvement to tax administration for all Australians by consulting publicly and widely with taxpayers, tax professionals and…

IGT reports released on refund delays, ATO data matching, and compliance risk assessments [55]

The Assistant Treasurer on Fri 21.2.2014, released 3 reports from the Inspector-General of Taxation (IGT), Mr Ali Noroozi. They cover: the ATO’s compliance approach to individual taxpayers – use of data matching. The IGT said data matching was generally positively received where the ATO uses it to assist taxpayers, such as in pre-filling their income…

ACNC will accept financial reports submitted to State and Territory governments [54]

The ACNC Commissioner on Tue 18.2.2014, announced she will exercise her discretion to accept financial reports submitted to State and Territory governments in place of ACNC Annual Financial Reports for the 2014 reporting period. The announcement means that when charities complete their 2014 Annual Information Statements with the ACNC, they will be able to electronically…