Published on 27 Jul 07
by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA
This paper reviews a number of topical issues involving land rich duty, including:
- the meaning of 'land' and the differences between the states and territories as to what the concept includes
- the different treatment between the states and territories of:
- thresholds including categories of excluded property
- tracing provisions
- the calculation of duty
- the treatment of listed companies and the impact of stapling including (the effect of the Amatek and Westpac Custodian decisions).
Fiona Giuseppi FTIA is a Tax Partner with KPMG’s Indirect Taxes Practice and heads KPMG’s State Taxes group which
advises on Australia wide stamp duties and other State taxes. She is a member of the Liaison Committees with the NSW Office
of State Revenue and the Taxation Institute and Property Council of Australia. Fiona is also a regular writer and presenter on
stamp duty legislation.
- Current at
02 September 2010