Published on 03 Jun 04
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper demonstrates the tax benefits and issues that arise when a unit trust is used as the vehicle for property investment. It considers:
- the use of a unit trust and not a company or other vehicle
- the tax points for unitholders and trustees
- several specific income tax issues arising from the use of a unit trust
- income tax issues when financing the unit trust
- GST issues - when GST is payable and credits arise
- other indirect tax issues - land tax and stamp duty.
John Koutsogiannis is a Tax Partner with Deloitte Tax Services Group and has over 10 years professional experience as an advisor in Indirect Taxes. John's industry focus is property and construction. John has been involved in several GST reviews for property developers, construction companies and
Government departments and is regularly contacted by the Australian Taxation Office on GST technical matters pertaining to these industries. John is also an adviser in the areas of employment taxation. He provides advice on the various employment taxation issues affecting the engagement of
employees and contractors in Australia. John is a member of the Institute of Chartered Accountants and conducts regular seminars for the Institute and the Australian Society of CPAs on Indirect Tax matters.
Current at 19 April 2004