Refocusing on Fundamental Principles of Stamp Duty

Cannon, B; Edmundson, PR

Refocusing on Fundamental Principles of Stamp Duty

Cannon, B Edmundson, PR

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Publisher:: Atax, UNSW
Publication Type:: Journal Article
Citation:: eJournal of Tax Research, 2006, 4 (2), pp. 101 - 116
Issue Date:: 2006-01

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Field	Value	Language
dc.contributor.author	Cannon, B	en_US
dc.contributor.author	Edmundson, PR	en_US
dc.date.issued	2006-01	en_US
dc.identifier.citation	eJournal of Tax Research, 2006, 4 (2), pp. 101 - 116	en_US
dc.identifier.issn	1448-2398	en_US
dc.identifier.uri	http://hdl.handle.net/10453/924
dc.description.abstract	This article refocuses on the fundamental principles of Stamp Duty in the context of the rewrite of stamp duty and tax reform. The article traces the course of these changes through the States in Australia and carefully tracks changes to heads of duty such as lease duty, duty on hire of goods, duty on quoted marketable securities, on business assets etc. The article notes an increasing emphasis on dealings in land and the greater role of land rich duty in the tax base. It examines the constitutional validity of land rich duty as well as flagging the validity of anti-avoidance measures that purport to operate outside of the jurisdiction of a State. The article finally reflects on the pursuit of uniformity amongst the State jurisdictions and expresses the hope that a narrower tax base, a consequence of tax reform, may well return us to the process of consistency of application of duty across jurisdictions.	en_US
dc.publisher	Atax, UNSW	en_US
dc.relation.ispartof	eJournal of Tax Research	en_US
dc.title	Refocusing on Fundamental Principles of Stamp Duty	en_US
dc.type	Journal Article
utslib.citation.volume	2	en_US
utslib.citation.volume	4	en_US
utslib.for	1801 Law	en_US
utslib.for	1501 Accounting, Auditing and Accountability	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Law
utslib.copyright.status	open_access
pubs.consider-herdc	false	en_US
pubs.issue	2	en_US
pubs.volume	4	en_US

Abstract:

This article refocuses on the fundamental principles of Stamp Duty in the context of the rewrite of stamp duty and tax reform. The article traces the course of these changes through the States in Australia and carefully tracks changes to heads of duty such as lease duty, duty on hire of goods, duty on quoted marketable securities, on business assets etc. The article notes an increasing emphasis on dealings in land and the greater role of land rich duty in the tax base. It examines the constitutional validity of land rich duty as well as flagging the validity of anti-avoidance measures that purport to operate outside of the jurisdiction of a State. The article finally reflects on the pursuit of uniformity amongst the State jurisdictions and expresses the hope that a narrower tax base, a consequence of tax reform, may well return us to the process of consistency of application of duty across jurisdictions.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/924