Vic land rich provisions: Schachna v Comr of State Revenue – 2007 service of assessment not refreshed by 2014 demand for payment with assessment [45]

A taxpayer has been unsuccessful before the Victorian Supreme Court in a matter concerning when a notice of assessment was served on him and therefore the 60-day time limit to object to that assessment under the Taxation Administration Act 1997 (Vic). On 26 September 2007, the assessment was served by post to the taxpayer at the last…

Qld stamp duty: Rawlings & Ors v Comr of State Revenue – no aggregation for transfer of properties [44]

Three taxpayers have been successful before the Qld Civil and Administrative Tribunal in a matter arguing against the aggregation of dutiable transactions under s 30 of the Duties Act 2001 (Qld). The taxpayers were beneficiaries of a testamentary discretionary trust. The trust’s assets included 2 residential properties – the first valued at $560,000 and the second…

Re Mahaffy and the Tax Practitioners Board – tax agent has appealed to the Federal Court (whilst stay on not renewing registration continues) [39]

The applicant has appealed to the Federal Court against the decision in Re Mahaffy and the Tax Practitioners Board [2014] AATA 17. In that case, the AAT ordered that a decision of the Tax Practitioners Board refusing to renew a tax agent’s registration be stayed pending the hearing of the tax agent’s application for a…

Tax (financial) advisers: registration requirements – sufficient and relevant experience: TPB [37]

The Tax Practitioners Board (TPB) has issued the following Exposure Draft Information Sheets: TPB(I) D25/2015 Applying for registration during the transitional period: Sufficient experience to be able to provide tax (financial) advice services to a competent standard – explains the Board’s preliminary views on the meaning of “sufficient experience” and “competent standard” for registering as…