Besieged property group Lendlease has been hit with an initial $112 million bill from the Australian Taxation Office, in a dispute that could ultimately cost it more than $300 million.
Lendlease has received an amended tax assessment from the Tax Office related to the purchase and sale of shares in a retirement living business, an industry source told The Australian Financial Review on Friday.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
