Daniel McInerney

The High Court has declined a special leave application from Victoria’s State Revenue Office over a battle with shopping centre landlord Vicinity Funds over $82.5 million in stamp duty.

Hilton has filed an appeal after losing a challenge to a $173 million tax adjustment from the 2015 sale of the Sydney Hilton Hotel.

The High Court has declined Tabcorp's special leave application seeking to overturn a ruling that found it was not entitled to a $1.49 billion tax deduction for loss when a licence with the state of Victoria expired in 2012.

Hilton has lost its challenge to a $173 million tax adjustment from the 2015 sale of the Sydney Hilton Hotel, with a judge finding the transaction was entered into for the dominant purpose of obtaining a tax benefit. 

Victoria’s State Revenue Office has gone to the High Court in its battle with shopping centre landlord Vicinity Funds over $82.5 million in stamp duty.

Victoria’s State Revenue Office has lost its challenge to a decision for shopping centre landlord Vicinity Funds, which quashed a $82.5 million stamp duty assessment on land occupied by Myer and the Lonsdale St Emporium.

The Full Federal Court has tossed Tabcorp’s appeal of a finding that it is not entitled to a $1.49 billion tax deduction under rules governing the taxation of financial arrangements. 

A court has weighed in on the tax treatment of the proceeds of developed land, finding the landowner did not engage in business-like conduct such that his profits should be considered income.

Victoria's State Revenue Office must pay the bulk of costs incurred by shopping centre landlord Vicinity in a successful challenge to $82.5 million in stamp duty slapped on land occupied by Myer and Emporium in Melbourne's city centre.

The ATO has lost its bid for a court-appointed joint expert after it failed to find a witness with legal expertise in structuring hotel sales who was not “commercially conflicted”, with a judge ruling that Hilton should not be prevented from relying on an expert report it already obtained.