Court Overturns A$23.4 Million Tax Bill on Woolnorth Dairy Estate
A Full Court in Tasmania overturned a A$23.4 million stamp duty bill against companies linked to Xianfeng Lu. The tax assessment, including penalties and interest, stemmed from the 2016 purchase of the Woolnorth dairy estate for A$280 million. The ruling removes a major financial liability for the companies managing the property in north-west Tasmania.
TOI World·




