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Income tax & CGT in property paper

Published on 27 Feb 14 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

This paper covers:

  • introduction
  • the distinction between revenue & capital:
    • the ATO view & enterprise
    • the ATO View – TR 92/3 & TD 92/161
    • the view of the courts
    • income tax implications where the sale of property is on revenue account
    • income tax implications where the sale of land is on capital account.

Author profile

Scott McGill CTA
Scott is a Partner at Pitcher Partners Sydney where he focuses on taxation, business, structuring and succession issues for a wide range of clients. Scott also heads the property industry speciality in the Sydney practice, working with small and large developers, retirement village operators and investors as well as aged care providers. Scott is active in The Tax Institute as New South Wales State Chair, and in number of technical forums including the Property Council, Retirement Living Council and CAANZ taxation working groups. He has extensive experience in income tax, GST and state taxes from both his time in public practice as well as at the ATO, and has a reputation for achieving commercial outcomes on complex issues. - Current at 04 January 2018
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This was presented at SME Property Masterclass .

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Panel session

Author(s):  Chris ARDAGNA,  Martin BOOTH,  Scott MCGILL,  Andrew RIDER,  Todd Want

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