Taxing rental properties - selected issues seminar paper
Publication date: 25 Nov 04
Source: VICTORIAN DIVISION, THE TAX INSTITUTE
Abstract:
This paper examines a range of issues of relevance to both landlords and tenants, including:
- new Draft Taxation Ruling TR2004/D18 on lease surrender payments and receipts
- tax treatment of lease incentives
- joint ownership of rental properties
- whether tenants can claim a capital loss for tenant's leasehold improvements when the lease ends?
- can tenants claim a tax deduction or capital loss for property restoration works when the lease ends?
- availability of small business CGT concessions to landlords who sell commercial rental properties, holiday apartments, hostels, student accommodation or properties occupied by 'connected entities'
- sale of a going concern conducted on leased real estate - does the GST exemption apply if the buyer can't or doesn't need to take over the lease?
- stamp duty treatment of tenant's fixtures - new section 22A of the Duties Act.
Author profile:
Ron is a Principal of Harwood Andrews Lawyers and primarily consults on federal and state revenue laws and revenue litigation. Ron also advises in respect of business structuring, tax sensitive commercial transactions and property developments. He is a member of numerous technical and advisory taxation committees with the Taxation Institute and the Law Institute of Victoria. Ron holds a Master of Laws (Taxation) and is a LIV Accredited Specialist in Tax Law.
Current at 01 March 2012
Click here to expand/collapse more articles by Ron JORGENSEN.
Purchase individual materials from this event:
Taxing Rental Properties - Selected Issues
Author(s):
Ron JORGENSEN
Material from this session:
-
Taxing rental properties - selected issues seminar paper
(Currently Viewing)
Add to cart (non member price $71.01)
Further details about this event:
Copyright Statement
