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Annual Property Intensive

Published on 10 Nov 2008 | Took place at Stamford Plaza, Brisbane, QLD

This event was timely given the continued growth of the South East Queensland property market, as well as ongoing tax changes in the property industry. Aimed at tax practitioners who provide advice to property clients or those practitioners giving in-house business advice, the event provided both key insights on topic and broader practical issues facing property industry stakeholders.

Topics covered include:

  • current trends in the industry – where is the money to be made?
  • income tax fundamentals for the developer
  • taxing issues for body corporates
  • superannuation strategies for purchase and operation of property
  • taxation implications of non-resident investors in Australian property
  • GST and property update
  • ATO commentary on property and tax risk – what’s on the radar?
This event focused on emerging issues facing the property sector, as well as the ATO approach to compliance and interpretation. Presented by leading tax experts in this area, each session focused on the practicalities of balancing the commercial outcomes of the development against the management of tax risk.

Get a 20% discount when you buy all the items from this event.

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Individual sessions

Australian residential market overview

Author(s):  Tim LAWLESS

This presentation covers:

  • global markets and macro economic factors affecting Australian real estate
  • local instability
  • interest rates
  • inflation
  • unemployment
  • consumer confidence
  • migration
  • national dwelling values
  • growth trends
  • rental vacancy rates
  • rental yields
  • where to from here?
Materials from this session:

The income tax fundamentals of property revisited

Author(s):  Mark REYNOLDS

This paper covers:

  • income tax factors to consider in choosing a structure: joint venture
  • tax implications v development agreements v parterships - an old issue revisited
  • mixed development/investment and tax consolidation
  • CGT discount of fully taxed profit making scheme - the tension points
  • structuring sale consideration to optimize the tax position.
Materials from this session:

Taxing issues for body corporates

Author(s):  Trevor PASCALL

This presentation covers:

  • common property and body corporate assets
  • commissioners view of bodies corporate
  • specific examples and issues.
Materials from this session:

Property and self managed superannuation funds

Author(s):  Neal DALLAS

This paper covers:

  • business real property - the Commissioner's Revised Review
    • what is an interest in real property
    • partial private use of business premises
    • property which constitutes trading stock
  • funding property purchases
    • instalment warrants, co-ownership and geared trusts.
Materials from this session:

Comparisons & contrasts: State land rich duty and Federal non-resident CGT rules

Author(s):  Harry LAKIS

This paper covers:

  • comparing the CGT and stamp duty regimes
  • taxable Australian real property (CGT) v real property (duty)
  • how indirect interests are treated
  • non-portfolio interest test (CGT) v ratio of land interests to total assets test (duty)
  • valuations and allocation of value to various assets
  • planning issues and relevant stamp duty cases.
Materials from this session:

GST update on property

Author(s):  Jeff PFAFF

This paper covers:

  • the Tax Office's 2008/09 Compliance Program and what it means for GST and property
  • proposed legislative amendments featuring changes to the going concern, margin scheme and anti-avoidance provisions
  • the implications from the decision of the Full Federal Court in the Brady King matter
  • the change in the Tax Office's view regarding the application of Division 129 to residential premises where they are rented while still being marketed for sale
  • new residential premises and the 5 year rule
  • Tax Office product update.
Materials from this session: