Following from the recent State and Territory Budgets, stamp duty is going... going... but definitely not gone. The abolition of a number of duties has lead to a sharper focus on real property. We can also see that the impact of CPT Custodian is becoming apparent in both a land tax and stamp duty context. Does it clear or muddy the waters? This paper outlines:
- signifi cant stamp duty/land tax outcomes from the 2006/7 State and Territory Budgets
- practical application of the High Court decision in CPT Custodian and other recent changes
- impact on the application of land rich and “look-through” duty
- property and options: how options can be used in a development context
- land tax - where to post the trust surcharge?