Lendlease hit with $112m tax bill over retirement business

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.