Published on 18 Oct 12
by TASMANIAN DIVISION, THE TAX INSTITUTE
The state government budget featured increases to duty and other state-based taxes, and there have been recent important changes to the application of duty. This paper outlines the new rates (coming into effect in October 2012) and provides a comprehensive overview of the current legislative framework for the application of duty, with a practical look at:
- business transfers
- special rules for land-rich entities
- exemptions for rural and other transfers.
Current at 28 September 2012
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