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Two units of Queensland real estate firm Coronis have lost a fight with the tax office over service fee deductions claimed for payments to related entities for the use of the Coronis trade mark, among other trust assets.
Construction PRO
A joint venture launched to construct sections of Brisbane's new Cross River Rail station has successfully challenged an adjudicator’s order that it pay $2.7 million to a steel supplier.
Construction PRO
Family-owned real estate group Coronis has successfully challenged the tax office on a $5 million alleged shortfall, with a judge finding service fees paid to two companies in the group were deductible.
The Australian Taxation Office will have "commercial discussions" with Gold Coast property developer James Raptis before deciding whether to seek summary judgment in a case over $109.5 million in alleged tax avoidance.