The WA Office of State Revenue (OSR) has recently issued the following Commissioner’s Practices:
- TAA 27.0 (Interim assessments) – outlines the circumstances in which the Commissioner will make an interim assessment of a portion of transfer duty or landholder duty prior to making a complete assessment of the taxpayer’s duty liability. The Commissioner’s Practice took effect on 15 November 2013.
- DA 22.1 (Easements) – provides clarification on the method of assessment of duty in respect of the creation, grant or surrender of an easement. The Commissioner’s Practice took effect on 15 November 2013.
- DA 11.1 (Dutiable transactions involving a unit entitlement under the Fish Resources Management Act 1994 (WA) – Claim of no passing of a beneficial interest) – describes the transfer duty treatment of a dutiable transaction involving a unit entitlement under the Fish Resources Management Act, which it is claimed does not result in the passing of a beneficial interest. The Commissioner’s Practice took effect on 8 November 2013.
[LTN 224, 19/11/13]