Meaning of Land Development Response

The Property Council has responded to the State Revenue Office’s draft ruling on the meaning of land development as defined in section 3(1) of the Duties Act 2000.

Led by our Tax Committee, the response encourages the SRO to make a final ruling that establishes absolute clarity for land developers to purchase and transact confidently, and eliminate the possibility of any developer being inadvertently caught by duties obligations they thought did not apply.