Published on 15 Feb 2013
| Took place at Intercontinental Hotel, Adelaide
The property tax landscape is constantly evolving, and the practical challenges and opportunities never stop. Despite the recent downturn in the property market, the everyday activity of property developers, owners and investors continues to raise difficult issues. At the same time, the property industry continues to be a focus area of the Australian Tax Office and RevenueSA, creating even more potential headaches. This full day property seminar brought together specialists from different areas of taxation to discuss the issues and problems, and to offer practical property solutions, using case studies and worked examples.
Topics covered include:
unit trusts - the optimal vehicle for property acquisitions?
land tax - lessons learnt form "epic fails"
income tax and CGT - in the real world
GST - in the real world
main residence and CTGT
stamp duties - here to stay
SMSF syndication and fundraising - bees around the honey pot.
Get a 20% discount when you buy all the items from this event.
Unit trusts - The optimal vehicle for property acquisition?
Author(s): Leo Efthivoulou
This paper assesses the various features of the modern unit trust for holding real property and the typical tax and commercial issues that arise in practice when capitalising, managing and restructuring unit trusts involved in property transactions.
Topics covered include:
pros and cons of unit trusts against other acquisition vehicles - a re-think?
capitalise/borrowing at trustee or unit holder level?
managing UPE and Div 7A issues
accessing tax shelters from capital works and allowances
SMSFs or discretionary trusts as unit holders - factors to consider
winding up - unit redemption vs capital distribution and vesting.
Everyone assumes that selling the main residence will be tax free. But it may not be! There may be some nasty surprises. This practical paper uses case studies to discuss problems faced when applying the Main Residence Exemption in the following areas:
Stamp Duty continues to be a central consideration for clients and advisors planning for the purchase or sale of land (or ‘land holding’ entities) including intergenerational transfers of land.
This practical paper uses examples and case studies to:
outline successful (and not so successful) applications of the stamp duty rules and exemptions for: 1. purchases of land and ‘land holding’ entities 2. restructures involving ‘land holding’ entities 3. transferring land from one generation to the next
reflect on the lessons learnt from the Pharmos decision recently handed down by the South Australian Supreme Court
consider potential applications of Part 6A of the Taxation Administration Act (Tax Avoidance Schemes).
SMSF syndication and fundraising - Bees around the honey pot
Author(s): Matthew Andruchowycz
The business sector is increasingly looking to the $460 Billion in SMSFs to finance projects, ventures and acquisitions. This paper covers the practical, legal and taxation ramifications of SMSF participation in joint ventures, property syndications and managed investment schemes. The paper includes useful case studies with a focus on real property acquisitions / developments.