Published on 29 Aug 13
by NATIONAL DIVISION, THE TAX INSTITUTE
Indirect taxes, such as duty, GST and land tax, are often neglected when it comes to consideration of tax issues affecting superannuation funds.However, the indirect tax obligations, and potential exemptions and concessions that apply to superannuation funds are often vital parts of any review of potential tax considerations, particularly in relation to transfer of assets to and from a fund.
This paper covers:
- a review of the application of duty for direct transfers of real estate to and from a superannuation fund in each state and territory
- an update and review of the application of duty for indirect transfers of real estate ie interests in landholder/land-rich entities to and from a superannuation fund in each state and territory
- an overview of other concessions available to superannuation funds such as change of trustees, set-up of funds etc
- a brief update in relation to the application of the GST regime to transfers of real estate to and from a superannuation fund
- the application of superannuation related land tax concessions in each state and territory.
Click here to expand/collapse more articles by Rachel O'Donnell.
Zoe Chung FTIA is a Director in the Specialist Transaction Taxes
group at PricewaterhouseCoopers. Her main areas of practice includes
stamp duty issues relating to wholesale property trusts, land rich
and funds management and income tax issues relating to trusts, and
revenue litigation, with a special focus on all imposts in relation to real
Current at 9 October 2008
Click here to expand/collapse more articles by Zoe CHUNG.
Further details about this event: