Duties Act Review
Issues covered include: foreign purchases surcharge, landholder duty, duty valuations, WA transfer duty
Description
Any mistake when dealing with Duties Act issues can be costly – for your client’s finances and for you professionally. Conversely, utilising the best strategies makes you efficient, effective and can save money for satisfied clients. The past 12 months has seen significant developments across the field, including new provisions, so to avoid potential mistakes and make sure you’re working at the highest level, stay up to date on the latest practice, procedure and strategies.
Attend and earn 3 CPD points including:
1.5 points in Competency Area 2: Professional Skills
1.5 points in Competency Area 4: Substantive Law
This seminar was recorded in WA on 20 March 2019
Chair: Daniel Romano, Principal and Special Counsel, Zafra Legal
2.00pm to 2.45pm: Foreign Purchases Surcharge
- An overview of the Foreign Purchaser Surcharge provisions of the Duties Act 2008 (WA) that apply in WA from 1 January 2019
- What is ‘foreign purchaser duty’ for WA duty purposes?
- How it applies
- Key concepts and definitions
- A comparison with other Australian jurisdictions
Presented by Stuart Leonard, Director, Swan Legal
Competency Area 2: Professional Skills
2.45pm to 3.30pm: Landholder Duty: a Practical Compliance Guide
- Overview of landholder duty in Western Australia
- Landholder duty tips and traps, including detailed case studies
Presented by Johanne Thomas, Managing Associate and Louise Tilt, Associate, Deloitte Legal
3.30pm to 3.45pm Afternoon Tea
Competency Area 2: Professional Skills
3.45pm to 4.30pm: Duty Valuations and How to Manage the Process with the WA Office of State Revenue
- An insider’s update on the High Court decision in Commissioner of State Revenue v Placer Dome Inc and its implications
- Duty valuations and how to manage the process with the WA Office of State Revenue
- Assessments issued by the WA Office of State Revenue and how they can be settled without appeal
Presented by John Maher, Senior Manager and Jesslyn Rosair, Senior Manager, EY
4.30pm to 5.15pm: WA Transfer Duty: Including Trusts, Partnerships and Superannuation Funds
An open and practical discussion, including case studies and examples, on duty, exemptions, alternatives and traps. Covering topics such as moving Dutiable Property from or to:
- Unit trusts
- Discretionary trusts
- Partnerships
- Superannuation funds
- Companies
- Trustees
Presented by Shaun Garlick, Principal, Shaun Garlick & Co