KIZLEAP PTY LIMITED v CHIEF COMMISSIONER OF STAMP DUTIES [2001] NSWSC 80

Reported Decision : (2001) ATC 4095 (2001) 46 ATR 323

New South Wales Supreme Court

CITATION : KIZLEAP PTY LIMITED v CHIEF COMMISSIONER OF STAMP DUTIES [2001] NSWSC 80 CURRENT JURISDICTION: Administrative Law List FILE NUMBER(S) : SC 30019/98 HEARING DATE(S) : 09/03/00, 10/03/00, 16/03/00, 28/04/00 JUDGMENT DATE : 23 February 2001

Kizleap Pty Limited

PARTIES : v

Chief Commissioner of Stamp Duties JUDGMENT OF : Adams J at 1

COUNSEL : Mr R W White SC (Plaintiff) Dr H R Sorensen (Defendant) SOLICITORS : Gregory T Ward & Co (Plaintiff) I V Knight (Defendant) CATCHWORDS : Valuation of land - caravan park - acquired as going concern - whether land worth 80% of price - personal goodwill - significance of substantial management input - modes of calculating land value LEGISLATION CITED : Stamp Duties Act 1920 Valuation of Land Act 1916 IEI Ocean BV v Commissioner of Stamp Duties 1998 1QD.R36 Federal Commissioner of Taxation v Williamson (1943) 67 CLR 561 CASES CITED : Federal Commissioner of Taxation v Murray (1998) 193 CLR 605 Haberle Crystal Springs Brewing Co v Clark (1929) 30 F 2 d (2nd IR 219) Federal Commissioner of Taxation v Krakos Investments Pty Limited (1995) 61 FCR 489 DECISION : Judgment for the plaintiff with costs.

THE SUPREME COURT OF NEW SOUTH WALES COMMON LAW DIVISION ADMINISTRATIVE LAW LIST ADAMS J FRIDAY 23 FEBRUARY 2001 30019/98 KIZLEAP PTY LTD v THE CHIEF COMMISSIONER OF STAMP DUTIES JUDGMENT