State Taxes and Duties (LAWS70130)

The Australian states and territories levy various taxes on businesses and individuals, including payroll tax, land tax, and duties on transfers and acquisitions.. Interpreting and complying with this multitude of taxes, only some of which are harmonised across state borders, poses significant challenges for Australian businesses and state revenue agencies alike. Many jurisdictions are enacting more comprehensive anti-avoidance and business entity rules in key state taxes - for example, those applying to trusts or corporate groups - and there is increasing litigation on state taxes in courts around the country.

This subject will provide tax professionals with an advanced knowledge of the structure and practical operation of state taxes and duties in a commercial context, taking account of the most recent trends and developments in this field.

This subject will consider in detail the operation of various state taxes and duties, including the recently enacted commercial and industrial property tax and the  windfall gains tax.  The key focus will be on:

• Duties
• Land tax
• Payroll tax.

Indicative list of principal topics:

• Analysis of duties, land tax, and payroll tax legislation in Victoria and brief comparisons with other jurisdictions
• Consideration of Victorian duty liabilities on various dutiable transactions, landholder acquisitions and other business and commercial transactions
• The replacement of land transfer duty with a commercial and industrial property tax on commercial and industrial properties
• Consideration of the key features and concepts relevant to how land tax is assessed in Victoria
• Consideration of the types of compensation that are subject to payroll tax
• The operation and application of the windfall gains tax
• The broad range of anti-avoidance provisions
• Exemptions from state taxes, duties and levies
• Administration of the state taxes system, including obligations to provide information and rights to object to assessments and appeal.