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Dealing with Property

Published on 10 Aug 2010 | Took place at Swissotel, Sydney, NSW

Although the concept of acquiring, investing and/or redeveloping real property may seem like straight-forward propositions, there are many revenue law ‘sleepers’ that may bring the un-wary unstuck. Planning and implementing appropriate structures and understanding their revenue law implications is therefore essential when acquiring and dealing with real property.

Further, and in order to minimize transaction and associated costs, careful consideration needs to be given to the intended and potential use of real property assets, as the revenue law implications related to the holding of property may differ depending on the use of the asset.

This event touched on all of the revenue laws which apply to real property - from GST, CGT and income tax to stamp duties and land tax. It revisited the fundamentals and reviewed recent developments as well as looked at the specific issues that arise in the context of ‘partitioning’ of land, and dealing with company title.

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

Individual sessions

Land tax - Consideration of two exemptions

Author(s):  Andrew RIDER This paper covers:

  • principal place of residence exemption
  • primary production land exemption.
Materials from this session:

Company titled land

Author(s):  Mark PAYNE This paper covers:

  • Division 7A
  • main residence
  • superannuation issues dealing with company title
  • stamp duty - NSW.
Materials from this session:

Partitioning land - How do you ensure there are no unexpected tax liabilities?

Author(s):  Denis BARLIN This paper covers:

  • overview of the process of partitioning
  • income tax, CGT and GST considerations when partitioning
  • stamp duty implications
  • dealing with financiers and security arrangements.
Materials from this session:

CGT main residence exemption - Contentious issues and estate considerations

Author(s):  George SAMARAS This paper covers:

  • basic case and concepts
  • rules that may extend the exemption
  • rules that may limit the exemption
  • roll-overs Subdivision 126A - marriage and relationship breakdowns
  • partial exemption rules.
Materials from this session: