NSW Caselaw
Reported Decision : 74 NSWLR 566
New South Wales Supreme Court
CITATION : Westpac Funds Management Ltd v Chief Commissioner of State Revenue [2008] NSWSC 1245
HEARING DATE(S) : 1 October 2008
JUDGMENT DATE : 26 November 2008
JURISDICTION : Equity Division
JUDGMENT OF : Young CJ in Eq
DECISION : Order that the assessments of the Chief Commissioner of State Revenue be set aside.
CATCHWORDS : TAXES AND DUTIES [346]- Stamp duties on leases- Plaintiff acquires call option to enter into lease and sublease agreements- Whether proposed lease instrument dutiable- Whether call option fee part of the dutiable costs of the lease being a "premium" paid or payable in respect of the lease- Held that "premium" means money paid in consideration for the grant of leasehold interest- In the instant case, amount was paid for the grant of an option- No leasehold interest existed at the relevant time. WORDS & PHRASES- "Premium"- "In respect of"- "Evidence of".
LEGISLATION CITED : Duties Act 1997, ss 164, 164A, 165, 166, 168, 169, 170, 171 Taxation Administration Act 1996, s 97
CATEGORY : Principal judgment
Asciano Services Pty Ltd v Chief Commissioner of State Revenue [2008] HCA 46 Beeching v Westbrook (1841) 10 LJ Ex 464 Burbury v Commissioner of Stamp Duties (1972) 3 ATR 313 Carlill v Carbolic Smoke Ball Company [1892] 2 QB 484 Chief Commissioner of Stamp Duties (NSW) v W F Securities Pty Ltd (1995) 95 ATC 4284 CIC Insurance Ltd v Bankstown Football Club Ltd (1997) 187 CLR 384 Cohen & Moore v Commissioners of Inland Revenue [1933] 2 KB 126 Commissioner of Stamps v Frost (1926) 28 WALR 81 Commissioner of State Revenue (Vic) v Pioneer Concrete (Vic) Pty Ltd (2002) 209 CLR 651 Commissioner of State Taxation (WA) v Kitchener Mining NL (1994) 29 ATR 530 Fleetwood-Hesketh v Inland Revenue Commissioners [1936] 1 KB 351 Frazier v Commissioner of Stamp Duties (NSW) (1985) 17 ATR 64 Gillett v Burke [1997] 1 VR 81 Grain Elevators Board (Vic) v Dunmunkle Corporation (1946) 73 CLR 70 Hill v Booth [1930] 1 KB 381 CASES CITED : Ingram v Inland Revenue Commissioners [1986] Ch 585 J & G Knowles & Associates Pty Ltd v Commissioner of Taxation (2000) 96 FCR 402 Littlewood's Mail Order Stores Ltd v Inland Revenue Commissioners [1963] AC 135 Lucas v The Treasurer (2003) 53 ATR 19 Metro Taxi Management Pty Ltd v Commissioner of State Taxation (WA) (1995) 95 ATC 4671 Nicholas Paspaley Properties Pty Ltd v Commissioner of Taxes (1991) 103 FLR 305 Nixon v Doney (1960) 61 SR (NSW) 311 O'Grady v Northern Queensland Co Ltd (1990) 169 CLR 356 Prime Wheat Association Ltd v Chief Commissioner of Stamp Duties (1997) 42 NSWLR 505 Ramsay v Margrett [1894] 2 QB 18 Regent Oil Co Ltd v Strick [1966] AC 295 Rogers v Wentworth (1986) 7 NSWLR 88 Sydney Futures Exchange Ltd v Australian Stock Exchange Ltd (1995) 56 FCR 236 Technical Products Pty Ltd v State Government Insurance Office (Qld) (1989) 167 CLR 45 The Trustees Executors & Agency Co Ltd v Reilly [1941] VLR 110 Wonall Pty Ltd v Clarence Property Corporation Ltd (2003) 58 NSWLR 23
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate