Public Ruling explaining what evidence of value will be accepted by the Commissioner; when the Commissioner will require a valuation in order to determine the dutiable value of property; and situations in which the Commissioner will seek to recover the cost of a valuation. Effective from 23 November 2009. (Current)
The purpose of this ruling is to ensure that Tasmanian Revenue Online (TRO) agents, and their authorised users, are placed in the same position with respect to the imposition of penalty tax as those who lodge duty instruments directly with the State Revenue Office (SRO) for assessment by the Commissioner of State Revenue.
Public Ruling which outlines the manner in which section 22 of the Duties Act 2001 will be applied, including: the circumstances in which two or more dutiable transactions are considered to constitute “one arrangement”; the circumstances in which the Commissioner will consider exercising discretion not to aggregate; and the evidence requirements in relation to dutiable transactions that may be impacted by section 22. Effective from 1 August 2008.
Explains the circumstances under which the Commissioner of State Revenue can exercise the discretion to disregard the value of goods in determining the dutiable value of a transaction consisting of a grant, surrender or transfer of a lease of commercial property under Section 24 of the Duties Act 2001 (Current)