2020

2020 States' Taxation Online Series - Part 2: Infrastructure rights and economic entitlements

Source: National

Published Date: 30 Jul 2020

 
The Duties Acts continue to evolve with provisions introduced for the taxation of "rights"? and "entitlements"?. This session addressed:
  • the meaning of "fixed infrastructure rights' in Western Australia and "economic entitlements' in Victoria
  • duty on grants and transfers of fixed infrastructure rights and economic entitlements
  • duty on acquisitions of fixed infrastructure rights and economic entitlements in the landholder context
  • the scope of the Western Australian fixed infrastructure rights provisions and Victorian economic entitlement provisions
  • similar concepts arising in other jurisdictions, including "an existing right to exploit dutiable property"? and "an existing right to the income from dutiable property"? in Queensland
  • the demarcation in NSW between "equity"? interests and "debt"? interests
  • commentary from the Western Australian and Victorian Revenue Offices on the administration of the infrastructure rights or economic entitlement provisions and the treatment of certain types of arrangements.

    Infrastructure rights and economic entitlements

    Author(s): Adrian Chek CTA , Michelle Owens , Vasko Nastevski

    Details

    • Published On:30 Jul 2020
    • Took place at:Online

    The material is copyright. Apart any fair dealing for the purpose of private study,

    research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

    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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