Published on 15 Feb 13
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper reviews a number of the practical problems, related to income tax and CGT, that all practitioners need to be aware and consider, including:
- we all know about the income/capital distinction but, in practice, when can taxpayers claim capital treatment?
- claiming the Div 152 small business concessions in connection with real property developments?
- joint venture issues (including using unit trusts to hold & develop real property)
- capital works/depreciable assets/fixtures.
Simon How is a Director in Corporate Tax at KPMG with over 18 years’
experience in advising a wide range of clients through KPMG and previously at
the ATO. He has a particular interest in private group tax issues, international
transactions, M&A and property related tax issues.
- Current at
05 July 2016