The New Victorian Land Rich Provisions seminar paper

Published on 19 Aug 04 by VICTORIAN DIVISION, THE TAX INSTITUTE

This paper covers the following topics:
- changes to land rich test provisions:
-- land proportion test for companies and trusts
-- acquisition test for a private company and a wholesale unit trust
-- acquisition test for private unit trust
-- indirect ownership of property test through subsidiaries
- what still qualifies for a land rich duty exemption
- joint & several liability for land rich duty
- the new anti-avoidance provision
- new provisions regarding the capacity to 'control' over a land-rich landholder entity
- registration provisions.

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 07 October 2016

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
• New land tax and stamp duty issues and planning techniques paper - 06-October-2006
• Property - indirect taxes and GST paper - 07-October-2005
• Land tax issues impacting property seminar paper - 24-June-2003

Click here to expand/collapse more articles by Zoe CHUNG.