Source: Taxation In Australia Journal Article
Published Date: 1 Aug 2022
Rising property prices in Australia has resulted in an increasing trend of small-scale property developments being undertaken by unsophisticated "one-time" developers. The motivations of these developers are sometimes profit driven, but most of the time they are driven by a desire to own their own home. This article explores the income tax, duty and GST implications of these small-scale property developments. As the article explains, the tax and duty implications of even small, unsophisticated developments can be extremely complicated to work through and very costly for those caught unaware. However, this article demonstrates that, with careful planning, the tax and duty costs may be significantly reduced.
Tax issues for small scale property developments podcast - Audio 26 May 2022
Tax issues for small scale property developments - Video 26 May 2022
Tax issues for small scale property developments - Paper 26 May 2022
Tax issues for small scale property developments - Presentation 26 May 2022
Small scale property development - Paper 03 Jun 2021
Small scale property development - Presentation 03 Jun 2021
Small scale property development - Video 03 Jun 2021
Small scale property development - Audio 03 Jun 2021
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.