NSW land tax: Neal v Chief Comr of State Revenue – PPR exemption wrongly claimed – 75% penalty tax for “intentional disregard” affirmed [101]

The NSW Civil and Administrative Tribunal has affirmed the Commissioner’s decision to impose on a taxpayer a 75% penalty tax for “intentional disregard” in relation to the taxpayer’s tax default as a result of incorrectly claiming the principal place of residence (PPR) land tax exemption in respect of a property for the 2000 to 2006…

NSW payroll tax: rebate to encourage hire of retrenched employees [100]

The NSW Government on Tue 4.3.2014, announced that it will provide a $6,000 payroll tax rebate to businesses that employ workers who have recently lost their jobs through large-scale restructures. NSW Treasurer Mike Baird said the $6,000 Fresh Start Support payroll tax rebate includes the existing $5,000 rebate already available under the NSW Government’s Jobs Action…

NSW stamp duty – LR Corrie Glen Pty Ltd v Chief Comr of State Revenue: Document stamped as a declaration of trust [98]

In a decision handed down on Mon 24.3.2014, the NSW Civil and Administrative Tribunal affirmed a decision of the Commissioner to impose stamp duty on a document under s 58(2) of the Duties Act 1997 (NSW). On 1 May 2013, the Commissioner assessed duty and imposed interest on a document signed by the taxpayer as “trustee” and a…

NSW: State Revenue Legislation Amendment Bill – update on amendments to Duties Act and land taxes [96]

The State Revenue Legislation Amendment Bill 2014 (NSW) (formerly known as State Revenue Legislation Amendment Bill 2013 (NSW)) proposed a number of amendments to the Duties Act 1997 (NSW). Some of the main amendments include: making further provision for duty on transfer of options to purchase land, including to prevent avoidance practices; making further provision…