Published on 05 Jun 04
by QUEENSLAND DIVISION, THE TAX INSTITUTE
The property industry continues to be a significant part of the engine room of the Australian economy. Whether the boom will end and indeed, when it may end is a matter of some conjecture. However, whether or not the current boom continues or slows, there are many income tax issues that require monitoring and attention, going forward. The focus of this paper is on property as trading stock:
- the tax cost of trading stock and trading stock disposals
- interaction of the trading stock provisions with tax consolidations and GST
- trading stock in joint ventures.
Marc is a Senior Manager in KPMG Brisbane's tax practice. He has over eight years tax consulting and compliance experience. Since joining KPMG, Marc has gained significant experience in various industries including property and construction, retail, and mining. Marc currently advises various property and construction clients including FKP Limited and Hitachi Ltd.
- Current at
05 January 2005