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.
Dayne is a Principal at M+K dobson mitchell allport lawyers, in the Commercial and Private Clients division. He advises in business structuring and succession planning to the middle
market, including associated matters such as duty, tax and estate planning. As a registered migration agent, he also assists business clients to sponsor overseas employees. Dayne sits on the Small
Medium Enterprise Committee of the Law Council of Australia and is a Notary Public.
- Current at
14 October 2012