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.
Current at 24 May 2009
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