Trusts landed with higher tax - the new Victorian trust regime.
13 Dec 05 |
CCH TAX WEEK
Issue: Issue 45 24 November 2005
Pages: pp. 1-5
A new and important dimension has been added to restructures involving trusts and land holdings as a result of amendments contained in the long-awaited Duties and Land Tax Acts (Amendment) Bill 2005 (Victoria), now before the Victorian Parliament.
This article briefly examines the proposed provisions and considers some of the practical implications of the new regime.
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Primrose is a Senior Manager in the Deal Advisory Tax group at KPMG specialising in stamp duty. Prior to joining KPMG, Primrose was a Senior Associate in the stamp duty team at Herbert Smith Freehills. Primrose has been in legal practice for over 12 years and has worked in a number of law firms in Melbourne including Corrs Chambers Westgarth and Macpherson and Kelley Lawyers, practising in the area of revenue law. Primrose also spent 7 years as a lecturer at Monash University lecturing in tax and commercial law and has published a number of articles. Practising in her specialist areas of stamp duty and land tax across all jurisdictions, Primrose has been involved in a range of transactions including mergers and acquisitions, corporate restructures, property trust floats, infrastructure acquisitions, PPPs, and wholesale unit trust scheme registrations. Primrose is a member of the Law Institute of Victoria and a committee member on The Tax Institute Victorian State Taxes Committee.
- Current at
01 February 2016
Ross is an experienced tax lawyer specialising in M&A transactions and a Director of Brian Ward & Partners.
- Current at
31 July 2008