Published on 24 May 96
by QUEENSLAND DIVISION, THE TAX INSTITUTE
This paper discusses the way in which the trading stock regime applies to property developer who acquires land as trading stock with particular focus on the costing issues raised by Draft Ruling TR 95/D15. It also deals with some of the tax accounting problems in the context of developers who are subdividing urban land on a relatively large scale and who have acquired land for that purpose
David is a tax partner with Clayton Utz Brisbane and has been involved in structuring, documenting and advising upon many forms of purchase and sale of business interests. He is a member of the State Council and National Technical Committee of the Taxation Institute and the National CGT Liaison Committee.
- Current at
06 March 2003