The Taxation and Related Legislation (Miscellaneous Amendments) Bill 2013 (Tas) has passed the Tasmanian House of Assembly without amendment and has moved to the Legislative Council. It was introduced into the House on 17 September 2013. Some of the key amendments include:
- amendments to the Duties Act 2001 (Tas) to include as consideration for the transfer of land any payment agreed to be given for improvements to the land, to be carried out by the transferor or an associate of the transferor (eg house and land packages);
- amendments to the Land Tax Act 2000 (Tas) to tighten the requirements for adjoining land to be classified as principal residence land, by denying such a classification where the adjoining land has a dwelling that is used as a place of residence; and
- amendments to the Taxation Administration Act 1997 (Tas) to provide that the Commissioner of State Revenue (Tas) may reimpose any amount of penalty tax or interest that has previously been remitted.
The above amendments are proposed to commence on the day the Bill receives Royal Assent.
[LTN 183, 20/9/13]