Commissioner of State Revenue v Placer Dome IncCitation:[2018] HCA 59Before:Kiefel CJ, Bell, Gageler, Nettle, Gordon JJDate:05 Dec 2018Case Number:P6/2018Read more

Commissioner of State Revenue v Placer Dome IncCitation:[2018] HCA 59Before:Kiefel CJ, Bell, Gageler, Nettle, Gordon JJDate:05 Dec 2018Case Number:P6/2018Read more

The corporation is or is not a 'listed land-holder corporation' based on the statutory definition and the value of land relative to total property, applying appropriate valuation methodologies and distinguishing between going concern value and legal goodwill.

Parties
Applicant: Unknown Applicant; Respondent: Unknown Respondent
Jurisdiction
Australia
Judgment Date
05 December 2018
Procedural Posture
Stamp Duty Appeal / Judgment
Outcome
Appeal dismissed or allowed (not specified)
Legal Topics
Stamp Duties, Land Holding Corporations, Acquisition of Controlling Interest, Valuation Methodologies, Goodwill

Case Brief

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Parties

Unknown Applicant

Applicant

Unknown Respondent

Respondent

Procedural Posture

Stamp Duty Appeal / Judgment

  1. 1 Whether the corporation is a 'listed land-holder corporation' within the meaning of Pt IIIBA of Stamp Act 1921 (WA)
  2. 2 Whether the value of land to which the corporation is entitled is 60 per cent or more of the value of property to which it is entitled
  3. 3 Appropriate valuation methodologies for determining value of land and property

Ratio Decidendi

The corporation is or is not a 'listed land-holder corporation' based on the statutory definition and the value of land relative to total property, applying appropriate valuation methodologies and distinguishing between going concern value and legal goodwill.

Court Disposition

Appeal dismissed or allowed (not specified)