A Full Court in Tasmania has overturned a significant tax assessment against companies related to Xianfeng Lu. The decision cancels a A$23.4 million stamp duty bill that included penalties and interest. This dispute originated from the 2016 purchase of the Woolnorth dairy estate, bought for A$280 million. The ruling removes a major financial liability for the companies managing the property in north-west Tasmania.
Trending
- Bill to tweak FCRA similar to UPA-era law: JPC chief
- ‘It’s a no-brainer’: EAM Jaishankar underlines need for stable border for normal ties with China
- Wolves and foxes may be helping plants spread across Sahara, study finds
- New rule for H-1B again? Visa extensions will be treated as fresh cases; asylum seekers and H-4 visa holders will also be affected
- California man paid $2 for old photos; one was later insured for $5 million
- Tech billionaire’s firm controls 2,700 Somerset acres as locals debate expansion
- William Chapman: Man who was killed by a tiger at zoo in South Yorkshire has been identified; he was pacing around enclousre with headphones
- Washington family used Victorian doll as 14th dinner guest; home is now a museum
Billionaire wins appeal overturning A$23.4 million tax bill tied to Tasmania’s Woolnorth dairy estate
By
Add A Comment