Tag Archives: Macquarie Flexi 100 Trust

Talking Tax – Issue 73

Case law

Tay v Chief Commissioner of State Revenue [2017] NSWSC 338

In Tay v Chief Commissioner of State Revenue [2017] NSWSC 338, the plaintiff was assessed by the Chief Commissioner of the State Revenue for transfer duty and landholder duty on the transfer of ordinary shares in his late father’s company (Memocorp) which was registered in Australia as a real estate investment vehicle. Under the Will, the children were entitled to the residue of the estate from the net proceeds of sale of the assets.

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