Tax

Tax reforms aimed at capital gains and negative gearing sailed through Parliament on Thursday night, with the Treasurer calling the changes a win for "workers, first home buyers and future generations".

A former director of Melbourne-based Aviation 3030 has failed to overturn a finding that the liquidators of the landbanking company could recover half of a $3.4 million landholder duty liability from him.

A former owner of the Ubertas property development group is suing Deloitte Private and Pitcher Partners, alleging they gave her negligent advice that led to an audit and a $12 million tax bill.

The High Court has found that an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, tossing an appeal by the ATO.

The Australian Tax Office is challenging a decision for Shell over a $99 million capital gains assessment in the energy giant's sale of its Woodside stake.

A judge has raised concerns that a common question posed by a class action challenging the Victorian government’s imposition of surcharges on foreign citizens is framed for direct referral to the Full Federal Court. 

Shell is seeking to recover $83 million from former joint venture partners Woodside and Paladin after the Commonwealth imposed a levy to cover the cost of decommissioning an abandoned offshore oil platform off the coast of Darwin.

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.

Holding Redlich has bolstered its tax team by hiring the Australian Taxation Office's former deputy chief tax counsel.

A case launched by the directors of the defunct Melbourne Rebels against the club's administrators, which sought to avoid liability for players' PAYG tax, has been discontinued.