Business Services Industry
[2321] NSW stamp duty: change in responsible entity concession satisfied.
Australasian Business Intelligence, January, 2007
Byline: Lisa Mak
Jan 07, 2007 (Weekly Tax Bulletin - ABIX via COMTEX) -- A New South Wales court ruled in favour of a taxpayer in a case involving change of responsible entity. The taxpayer was appointed as the new responsible entity of CPT Manager, a managed investment scheme. A land transfer executed after his appointment was stamped at the concessional rate of $A10. However, the Australian Taxation Office assessed the transfer to duty at ad valorem rates on an unencumbered value of $A25.85 million.
Publication Date: 8 December 2006
CPT MANAGER LIMITED
AUSTRALIAN TAXATION OFFICE
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