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.
Current at 06 April 2011
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