Chief Commissioner of State Revenue v Lee [2000] NSWCA 246

Reported Decision : 2000 ATC 4600 (2000) 45 ATC 130

New South Wales Court of Appeal

CITATION : Chief Commissioner of State Revenue v Lee [2000] NSWCA 246 revised - 6/11/2000 FILE NUMBER(S) : CA 41010/98 HEARING DATE(S) : 20 June 2000 JUDGMENT DATE : 31 August 2000

PARTIES : Chief Commissioner of State Revenue v Tsai Mei-Lan Lee JUDGMENT OF : Priestley JA at 1; Meagher JA; Clarke AJA

LOWER COURT JURISDICTION : Supreme Court LOWER COURT 30015/97 FILE NUMBER(S) : LOWER COURT Sperling J JUDICIAL OFFICER :

COUNSEL : Appellant: I Mescher Respondent: D K L Raphael SOLICITORS : Appeallant: I V Knight Respondent: Peta Bollinger CATCHWORDS : Stamp Duties Act - assessment dated 27 August 1992 - Division 30 - transfers of shares in a land rich company - 6% transfer of ownership - ss99A, 99E, 99F, 124A - exercise of discretion contained in s.99F(3) - intention of parties to transaction - assessment made afresh - setting aside of aggregations. LEGISLATION CITED : Stamp Duties Act Division 30 - ss 99A, 99E, 99F, 124A. DECISION : 1.Appeal allowed; 2.Orders below set aside; 3.Order that the Commissioner's assessment, insofar as it relies on s.99F(1)(b)(ii) be set aside; 4.Order that in lieu thereof the respondent's liability to pay duty in the amount of $4,527.50 be confirmed.; 5.Order that the appellant pay the respondent's costs both at first instance and on appeal.

- 2 - - 15 - STAMP DUTIES ACT - ASSEMENT DATED 27 AUGUST 1992 - DIVISION 30 - TRANSFERS OF SHARES IN A LAND RICH COMPANY -6% TRANSFER OF OWNERSHIP - SS99A, 99E, 99F, 124A - EXERCISE OF DISCRETION CONTAINED IN S.99F(3) - INTENTION PARTIES TO TRANSACTION - ASSESMENT MADE AFRESH - SETTING ASIDE OF AGGREGATIONS.