A taxpayer has been unsuccessful before the NSW Civil and Administrative Tribunal in seeking the primary production land tax exemption for the 2011 to 2013 land tax years. The Commissioner had issued land tax assessments to the taxpayer for 3 parcels of property for the relevant years. The taxpayer argued it was entitled to the…
A taxpayer has been unsuccessful before the NSW Civil and Administrative Tribunal in seeking to claim the primary production land tax exemption for a property for the 2009 to 2012 land tax years. The Commissioner had issued land tax assessments for 2 properties for which the taxpayer claimed the land tax exemption. However, before the…
Two taxpayers (a couple) have been unsuccessful before the NSW Supreme Court in seeking the primary production land tax exemption in respect of a property pursuant to s 10AA(2) of the Land Tax Management Act1956 (NSW). The taxpayers purchased the land in November 1985. Since then they, or companies controlled by them, have conducted a small cattle-farming business…
The Taxation Legislation Amendment Bill 2014 (WA) was introduced into the WA Legislative Assembly on Thur 26.6.2014. It proposes to amend the Duties Act 2008 (WA), Land Tax Assessment Act 2002 (WA), Pay-roll Tax Assessment Act 2002 (WA), and Taxation Administration Act 2003 (WA), to improve the efficacy of existing WA tax exemptions for charitable…
The Revenue Laws Amendment Bill 2014 (WA) has passed the WA Legislative Assembly without amendment and moves to the Legislative Council. It proposes to amend the Duties Act 2008 (WA) and the Land Tax Act 2002 (WA) to implement 2 of the revenue measures announced in the 2014-15 WA Budget, which make changes to the…
The Building a Better Victoria (State Tax and Other Legislation Amendment) Bill 2014 (Vic) on Tue 17.6.2014, received Royal Assent as Act No 40 of 2014. It had passed all stages with Government amendments. The Bill amends the following Victorian Acts: the Duties Act 2000, the First Home Owner Grant Act 2000, the Land Tax…
The following Tasmanian Bills have passed the Tasmanian House of Assembly and have moved to the Legislative Council: Employment Incentive Scheme (Payroll Tax Rebate) Amendment Bill 2014 – passed without amendment, the Bill proposes to amend the Employment Incentive Scheme (Payroll Tax Rebate) Act 2009 (Tas) to implement a fourth tranche of the payroll tax…
The Qld Budget 2014-15 was handed down on Tue 3.6.2014. Key Budget announcements include: Family primary production business transfer duty concession – from 1 July 2014, the Family Primary Production Concession will be extended. Currently, the concession is limited to lineal descendants, most often this is parent to child. The requirement of a direct lineal descendant will…
The NSW Budget 2014-15 was handed down on Tue 17.6.2014. NSW Treasurer, Andrew Constance, announced the following revenue measures: Stamp duty – business taxes to be abolished – from 1 July 2016, the NSW Government will abolish stamp duty on business mortgages, unlisted marketable securities and transfer duty on non-real business transfers. Enhanced revenue compliance activity –…
The following ACT Bills were introduced into the ACT Legislative Assembly on 5 June 2014: Payroll Tax Amendment Bill 2014 – proposes to amend the Payroll Tax Act 2011 (ACT) to remove the exemption provided to employment agents on wages paid to subcontractors simply due to being a “genuine employer”. By removing the exemption found at Sch 2,…