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Tax issues in property investment presentation

Published on 16 Oct 09 by TASMANIAN DIVISION, THE TAX INSTITUTE

Property transactions usually cause the greatest headaches for property investors and their advisors. Even the simplest act of subdividing land, building and selling residential premises, can give rise to different taxation outcomes depending on the circumstances. This presentation examines some of the common tax issues that property investors can sometimes overlook, including:

  • when does a disposal of property give rise to a capital gain?
  • when does a property investor ‘cross the line' to property developer?
  • what are the key indicators that differentiate between passive investment and active development?
  • what differentiates a repair as opposed to an improvement, and why does it matter?
  • when is the joint ownership of land a tax law partnership?
  • when are expenses for the holiday home deductible?

Author profile:

Author Photo - Arthur ATHANASIOU
Arthur ATHANASIOU
Current at 18 January 2012 Click here to expand/collapse more articles by Arthur ATHANASIOU.
 

 

This was presented at 2009 Tasmanian State Convention .

Get a 20% discount when you buy all the items from this event.

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