Stamp duty schmozzle

As one of those affected, I can confirm that interest on the refund was also paid. at a rate of about 4.5% P.A…

Where can I find these blokes who battled them to buy them a beer? 🙂

basketofcat said :

For those that have received refunds, was there any additional interest paid? they’ve had the number for a few years now…

and would that interest be taxable?

I had the ATO hold up my refund the year before last while they queried some of my affairs, and when they paid the refund they paid interest due to the delay. Last year my return had to declare the interest and pay tax on it as income.

For those that have received refunds, was there any additional interest paid? they’ve had the number for a few years now…

and would that interest be taxable?

The ACT Revenue Commissioner should be sacked.

The only positive thing it the Katy’s finally seen the light and put all the defects into the Commerce and Works Directorate to try and quarantine the damage.

Note that the decision was not on the basis of the conflicting advice. The people in question had bought a house-and-land package, and were assessed stamp duty on the basis that they’d bought both a house and land. The court ruled that since there were separate contracts, they had instead bought the land and built the house, so stamp duty was only payable on the land.