Source: The Tax Specialist Journal Article
Published Date: 1 Oct 2013
Stamp duty on acquisitions of interests in landholding companies and unit trusts now constitutes a separate taxing regime for transactions involving dealings in such companies and unit trusts. One recent significant development in landholder duty has been a move to impose duty on takeovers of public landholders, along with an expansion of the list of things that constitute “land” for duty purposes, resulting in a tax with a very broad reach. This article considers some important stamp duty issues that occur under takeover bids and schemes of arrangement involving publicly listed landholders. Significant duty issues arise from an actual acquisition of a target under a takeover or scheme, as well as from the structuring of the bid vehicle, and post-acquisition restructures of capital or assets of the target.
The article also touches on some of the compliance issues that are relevant to acquisitions of listed landholders.
More by Peter Mcmahon
Takeover of listed landholders - Managing the duty implications - Presentation 25 Jul 2013
Takeovers of listed landholders - Managing the duty implications - Paper 25 Jul 2013
Global financial crisis - Stamp duty issues for recapitalisations, schemes of arrangement and corporate insolvency - Paper 06 Aug 2009
Global financial crisis - Stamp duty issues for recapitalisations, schemes of arrangement and corporate insolvency - Presentation 06 Aug 2009
Current issues affecting financial supplies - Presentation 13 Oct 2005
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New Land Rich Regime in New South Wales seminar - Paper 17 Feb 2004
New Land Rich Regime in New South Wales - Presentation 17 Feb 2004
Corporate Reorganisations - Journal 01 Aug 2001
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