Tax Insights | Land tax – let’s get physical- Metricon appeal case summary

The following is a case summary of the recent New South Wales Court of Appeal decision in Chief Commissioner of State Revenue v Metricon Qld Pty Ltd [2017] NSWCA 11 (10 February 2017). Tax Insights For readers seeking immediate gratification, we set out below five tax insights we derive from the Metricon appeal case: The … More Tax Insights | Land tax – let’s get physical- Metricon appeal case summary

Tax insights: investing in property (part 1)

About to buy your second property?  STOP AND READ THIS! We previously published a popular article discussing negative gearing with property investments which offered 5 useful tax tips to consider when buying property. In this series, we will discuss further opportunities to take into consideration when investing in property. Part I discusses what happens with a … More Tax insights: investing in property (part 1)

Insights: 2016 Metricon land tax decision

Practical implications of the Metricon case Land tax is assessed and is payable annually unless an exemption applies. The Metricon case is the current definitive authority when considering whether the dominant use land is one or more of the prescribed primary production activities and exempted from land tax or otherwise. The Metricon case represents a turning point in land tax law … More Insights: 2016 Metricon land tax decision