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Practical stamp duty for accountants: land rich companies

Published on 10 Aug 00 by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE

The significant difference between the duty chargeable on conveyances of realty and that chargeable on conveyances of shares give rise to the possibility of avoidance. Consider the case of a company the only asset of which is a large parcel of land worth $1M. Assume also that the company has no liabilities. This paper explores this example under the WA Stamp Duty Act and explains why new part IIIBA was introduced

Author profile:

Tony Downe
Tony is Manager - Review at the WA Office of State Revenue. Current at 09 December 2003 Click here to expand/collapse more articles by Tony DOWNE.
 
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