Published on 01 May 19
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
In December 2018, the High Court handed down the much-anticipated stamp duty decision in Placer Dome. Although the assessment under consideration was issued on the basis that Placer Dome was land-rich under stamp duty provisions that have since been repealed, many of the issues considered by the High Court remain significant under the current provisions in various jurisdictions. This article considers the broader implications of the decision relating to the identification of goodwill and the valuation of land and other assets, particularly in the mining context. These issues may also be relevant in a range of contexts other than stamp duty, including tax consolidation, thin capitalisation and capital gains tax.