Tax

Three partners have joined Mills Oakley, expanding the law firm's government, taxation and workplace relations teams.

A court has dismissed a challenge by ISPT to a $20 million tax assessment by the NSW State Revenue's Office over two acquisitions that increased its stake in Fort Street Real Estate Capital Fund.

Tabcorp wants the High Court to overturn a ruling that found it was not entitled to a $1.49 million tax deduction for loss when a licence with the state of Victoria expired in 2012.

Global infrastructure manager Palisade Investments has scooped up a battery energy storage system under construction 50 kilometres from Adelaide, which has already secured a long-term tolling agreement with Origin Energy.

Rideshare giant Uber is not a passive intermediary between drivers and riders, the NSW Office of State Revenue has told the High Court in a case over $81 million in payroll tax, but controls trips via its platform "from start to finish".

The Commonwealth has appealed a ruling that found the ATO knowingly received millions misappropriated by a former Kupang Resources director in order to satisfy a tax debt against him and skewered the office's “policy of wilful blindness” in pursuit of the debt.

In a hearing on its challenge to $10.6 million in stamp duty tax, ISPT said Monday Victoria's State Revenue Office was not entitled to aggregate two acquisitions that increased its stake in the Fort Street Real Estate Capital Fund to 95 per cent.

The High Court has declined to weigh in on a dispute between the tax office and Canberra developer Geocon over excess GST on $115 million in sales from a 360-unit development.

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. 

Mills Oakley has been hit with a negligence lawsuit by a former client who claims the firm failed to advise of the tax consequences of demolishing a dwelling before selling a property in Melbourne's east for $5.4 million.