Published on 20 Aug 08
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
In an environment of increasingly uncertain market conditions, further rationalisation and consolidation of the wine industry is anticipated. Many producers will need to consider off-loading surplus assets whilst others will be looking to refocus their branding and take advantage of the prevailing conditions to improve market share. This paper reviews some of the significant tax issues that are likely to arise in this ever changing industry and reflects on the presenter's recent experience in dealing with winery acquisitions, sales and restructures. Topics covered include:
specific CGT and capital allowance issues relating to vineyard sales
tax issues relating to label and wine IP
update on the taxation treatment of water licences
Peter Slegers, LLB (Hons), MTax, CTA
Peter heads Cowell Clarke's tax and revenue practice group. Peter advises and acts for a wide range of public and private companies as well as for the trustees of self managed superannuation funds.
Peter’s areas of expertise include: income tax (as it impacts on business and high net worth clients); capital gains tax; goods and services tax; state taxes and superannuation law. Peter also does succession planning work and is involved in significant business restructures.
Peter is regularly involved in advising SMSF trustees on issues associated with superannuation income streams.
Peter has a master’s degree in taxation from the University of NSW – ATAX School. Peter is also a member of the Australian Institute of Company Directors and the SMSF Professionals Association of Australia Ltd.
Peter is a member of the Tax Institute’s South Australian State Council.
- Current at
19 July 2017
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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