The Victorian Supreme Court has broadly affirmed stamp duty assessments (with some exceptions) issued to various taxpayers (property developers) under the Duties Act 2000 (Vic). The primary issue concerned the decision of the Commission of State Revenue (Vic) to include various “additional” payments as “consideration for” the assessment of duty arising from the transfer of various lands in relation to the development of the Docklands areas of Melbourne.
(Conder Tower Pty Ltd & Ors v Comr of State Revenue [2012] VSC 107, Lend Lease Development Pty Ltd & Ors v Comr of State Revenue [2012] VSC 108, Victorian Supreme Court, Pagone J, 27 March 2012.)
[LTN 60, 28/3]