2005 saw further changes in NSW stamp duty and other state taxes. A new duty on dealings in put and call options came into effect. Vendor duty was abolished. Important developments have occurred in case law. The High Court has handed down two significant cases that consider land tax and duty issues arising out of unit trusts, the CPT Custodian case and Halloran's case. The treatment of trusts generally remains troublesome. When will a resettlement be dutiable and when will it not? Continuing difficulties arise in dealings in land rich entities including valuation problems. The treatment of corporate reorganisations also gives rise to difficult issues, for example where partnerships are interposed in corporate structures. There have also been developments in the case law as to what is a dutiable hire of goods. Find out about these and other problem areas.
Stamp duty cases update
Author(s):
William Arudsothy
Materials from this
session:
The landrich provisions: a life of their own
Author(s):
Matthew Stutsel
Materials from this
session:
Corporate restructures
Author(s):
Costa Koutsis CTA
Materials from this
session:
Recent developments in payroll tax and land tax
Author(s):
Christopher J Bevan CTA
Materials from this
session:
Details
- Published On:29 Mar 2006
- Took place at:Grace Hotel, Sydney
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Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
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2006
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