In December 2018, the High Court handed down the much-anticipated stamp duty decision in Placer Dome.
The decision handed down by the High Court of Australia in Commissioner of State Revenue v Placer Dome Inc on 5 December 2018, found unanimously for the Commissioner.
The decision concerned the assessment of stamp duty arising from the acquisition by the respondent (now an amalgamated entity named Barrick Gold Corporation) of a controlling interest in Placer Dome Inc.
As the article notes, “Goodwill for legal purposes extends to sources which generate or add value to a business by attracting custom.”
His article is available for members to read now in the May 2019 issue of Taxation in Australia.
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