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Q&A: Options


It is often the case that a developer wishes to acquire land, but only if the developer is successful in having the land rezoned and obtaining development approval. Given the expense the developer will go to in obtaining the rezoning and development approval, the developer wants to be sure that the land is not sold to someone else in the mean time. In such circumstances it may be desirable for the owner of the land to grant the developer an option to acquire the land.

Author profiles

Michael Parker CTA
Photo of author, Michael PARKER Michael Parker, CTA, is a Partner in the Taxation section of Hall & Wilcox Lawyers. His practice focuses on tax disputes, domestic income tax issues, including CGT and Div 7A, business sales, acquisitions and restructures and GST. Michael has extensive experience handling a broad range of taxpayer disputes, including disputes concerning the small business CGT concessions, having acted for the taxpayers in White v FCT [2009] FCA 880, White v FCT [2012] FCA 109 and Altnot v FCT [2013] AATA 140, among other cases. Michael regularly consults to the Board of Taxation and Treasury, including in respect of Div 7A, small business impediments and the small business CGT concessions. He is a regular presenter for The Tax Institute. - Current at 31 October 2019
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Graham is a Solicitor at Hall & Wilcox Lawyers.
Current at May 2005
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