On the first day of trial in the Tax Office’s case against a former EY partner accused of marketing a tax loss access scheme and pocketing $700,000 in the process, the court heard former clients were assured the scheme was “risky but not illegal”.
Lawyers for a former partner of tax advisory firm Greenwoods & Herbert Smith Freehills will cease to act for him in his case alleging he was sacked for complaining about client Lendlease’s “aggressive taxation position”.
A former PricewaterhouseCoopers partner has settled his case against the consulting giant, which alleged he was denied promised retirement payments.
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.
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 Tax Office has asked the High Court to reverse a landmark ruling that found an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, a decision that affects $50 billion in trust distributions.
Property investment firm ISPT has lodged a challenge to a $10 million stamp duty tax assessment for two acquisitions made in 2022.
A judge has found two major Sydney residential developments that are part of the estate of the late Lady Mary Fairfax cannot dodge surcharge land tax.
Canberra developer Geocon has filed a legal challenge seeking a tax refund on sales from a development for 360 residential units.
An appeals court has found water infrastructure investor Conexa liable to pay land duty on a $46 million Sydney pipeline it acquired as part of a blockbuster deal with Rosehill.