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Published on 06 Oct 06
by VICTORIAN DIVISION, THE TAX INSTITUTE
Following from the recent State and Territory Budgets, stamp duty is going... going... but definitely not gone. The abolition of a number of duties has lead to a sharper focus on real property. We can also see that the impact of CPT Custodian is becoming apparent in both a land tax and stamp duty context. Does it clear or muddy the waters? This paper outlines:
signifi cant stamp duty/land tax outcomes from the 2006/7 State and Territory Budgets
practical application of the High Court decision in CPT Custodian and other recent changes
impact on the application of land rich and “look-through” duty
property and options: how options can be used in a development context
land tax - where to post the trust surcharge?
Zoe Chung FTIA is a Director in the Specialist Transaction Taxes
group at PricewaterhouseCoopers. Her main areas of practice includes
stamp duty issues relating to wholesale property trusts, land rich
and funds management and income tax issues relating to trusts, and
revenue litigation, with a special focus on all imposts in relation to real
property transactions. Current at 9 October 2008
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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