New land tax and stamp duty issues and planning techniques paper

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?

Author profile

Zoe Chung CTA

Zoe Chung, CTA, is a Partner in the Tax & Legal service team of PricewaterhouseCoopers and has worked in legal and professional services firms for over 16 years. Zoe is a state taxes specialist with an emphasis on stamp duty and has advised on a number of large mergers, acquisitions and restructures for clients in the mining, infrastructure, superannuation, manufacturing and funds management industry. While doing so, she has dealt with various state revenue offices, not only from a technical perspective but also from a policy perspective including making submissions to guide the policy underlying the stamp duty laws. - Current at 19 June 2017

More by Zoe CHUNG

• A whole new world of state taxes paper - 26-October-2016
• State Revenue Office compliance themes and “hot spots” for superannuation funds paper - 21-August-2015
• Indirect taxes paper - 29-August-2013
• Victorian landholder model paper - 21-June-2012
• Stamp duty update paper - 06-October-2011
• Property - indirect taxes and GST paper - 07-October-2005
• The New Victorian Land Rich Provisions seminar paper - 19-August-2004
• Land tax issues impacting property seminar paper - 24-June-2003

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