The CPT Custodian case has been much discussed in tax circles but what are the implications for State taxes? This paper considers:
- the importance of what CPT Custodian decided for your practice
- subsequent cases: Halloran, Pearson & CPT Manager
- how does CPT Custodian affect the consequences of a resettlement or declaration of trust?
- 'land rich' duty implications - Commonwealth Managed Investments and State legislative responses
- land tax implications.