Sladen Snippet - Commissioner is under no duty to issue amended land tax assessments

Sladen Snippet - Commissioner is under no duty to issue amended land tax assessments

The High Court of Australia has recently allowed an appeal against a decision of the Victoria Court of Appeal and held that the Commissioner was not under a duty to issue amended assessments and refund an excess amount of land tax that has erroneously been paid by a taxpayer.

Partner is denied access to partnership’s carried forward tax losses

Partner is denied access to partnership’s carried forward tax losses

The Administrative Appeals Tribunal (AAT) has recently held that tax losses were not available to a partner in a property development partnership.