Storage Equities Pty Ltd v Valuer-General [2013] NSWLEC 137

Land and Environment Court New South Wales

Medium Neutral Citation: Storage Equities Pty Ltd v Valuer-General [2013] NSWLEC 137 Hearing dates: 14, 15 March 2013 Decision date: 22 August 2013 Jurisdiction: Class 3 Before: Craig J Decision: Orders as set out at [55] Catchwords: VALUATION - land value - heritage restricted land - s 14G of the Valuation of Land Act 1916 - use for the purpose of a self-storage facility - incidence of GST on sale of land - factors personal to parties to the sale transaction affect liability to GST - hypothetical sale for the purpose of s 6A(1) of the Valuation of Land Act - capital sum which the land is expected to realise on sale includes GST Legislation Cited: A New Tax System (Goods and Services Tax) Act 1999 (Cth) Land and Environment Court 1979 (NSW) Land Tax Assessment Act 1910 (Cth) Valuation of Land Act 1916 (NSW) Sydney Local Environmental Plan 2005 Cases Cited: Babcock & Brown Properties Pty Ltd v Valuer-General [2005] NSWLEC 526 Commonwealth Custodial Services Ltd v Valuer-General [2007] NSWCA 365; 156 LGERA 186 Commonwealth Custodial Services Ltd as Trustee for the Burwood Trust Fund; Trust Company of Australia Ltd v Valuer-General [2006] NSWLEC 400; 148 LGERA 38 CSR Ltd v Hornsby Shire Council [2004] NSWSC 946; 57 ATR 201 DB Rreef Funds Management Ltd v Commissioner of Taxation [2005] FCA 509; 59 ATR 388 Federal Commissioner of Land Tax v Duncan [1915] HCA 12; 19 CLR 551House of Peace Pty Ltd v Bankstown City Council [2000] NSWCA 44; 48 NSWLR 498 Kenny & Good Pty Ltd v MGICA (1992) Ltd [1999] HCA 25; 199 CLR 413 Re Hornsby Shire Council v Commissioner of Taxation [2008] AATA 1060; 71 ATR 442 Royal Sydney Golf Club v Federal Commissioner of Taxation [1955] HCA 13; 91 CLR 610 Spencer v The Commonwealth of Australia [1907] HCA 82; 5 CLR 418 Tomago Aluminium Company Pty Limited v Valuer-General [2010] NSWLEC 4 Trust Co of Australia Ltd v Valuer-General [2007] NSWCA 181; 154 LGERA 437 Valuer-General v New South Wales Golf Club [2012] NSWCA 355; 192 LGERA 105 Walker Corporation Pty Ltd v Sydney Harbour Foreshore Authority [2008] HCA 5; 233 CLR 259 Texts Cited: Macquarie Dictionary (Online Edition) Category: Principal judgment Parties: Storage Equities Pty Limited (Applicant) Valuer-General (Respondent) Representation: R White (Applicant) M Carpenter (Respondent) Gadens Lawyers (Applicant) I V Knight, The Crown Solicitor's Office (Respondent) File Number(s): 30825 - 30830 of 2012