Tax

The Tax Office has asked the High Court to reverse a landmark ruling that found an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, a decision that affects $50 billion in trust distributions.

Property investment firm ISPT has lodged a challenge to a $10 million stamp duty tax assessment for two acquisitions made in 2022.

A judge has found two major Sydney residential developments that are part of the estate of the late Lady Mary Fairfax cannot dodge surcharge land tax.

Canberra developer Geocon has filed a legal challenge seeking a tax refund on sales from a development for 360 residential units. 

An appeals court has found water infrastructure investor Conexa liable to pay land duty on a $46 million Sydney pipeline it acquired as part of a blockbuster deal with Rosehill.

A transfer pricing pro who spent ten years as a partner at Baker McKenzie has rejoined the firm's tax practice after a stint in-house.

An appeals court has found that an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, upending the ATO’s longstanding practice of treating UPEs as part of a trustee's assessable income.

Mineral Resources confirmed Thursday managing director Chris Ellison will be replaced following a disclosure scandal detailed late last year, but no new penalties will be imposed.

The Senate has waved through a component of the Albanese government's plans to support the green energy transition, approving tax credits for clean energy and critical minerals production.

SkyCity has agreed to settle its dispute with the Treasurer of South Australia over the treatment of electronic gaming credits after losing its High Court challenge in October.