Compulsory acquisition often triggers tax implications for dispossessed owners of investment land, commonly stamp duty and land tax. In Canal Aviv Pty Ltd v Roads and Maritime Services [2018] NSWLEC
Sale contracts typically provide for adjustment of land tax so property transfers free of tax against the incoming purchaser. Where land is compulsorily acquired, the acquiring authority deducts unpaid land
A contentious issue in the compulsory acquisition of land in NSW is whether a dispossessed owner can claim, in addition to other heads of compensation, the stamp duty and financial
Owners of land reserved for a public purpose – such as road widening, trunk drainage or open space – usually must wait years for the acquiring authority to acquire the
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