shopping_cart

Your shopping cart is empty

Retirement villages - income tax and CGT issues paper

Published on 27 Jul 06 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

Topics covered in this paper include:

  • developer versus operator
  • capital versus revenue distinctions - resident contracts
  • lease premium versus resident loan
  • income tax treatments of deferred management fees, sharing of capital gain/(loss) with residents
  • sinking fund and capital replacement fund issues - trust funds
  • tax planning and structure issues
  • sale of villages - capital gain or revenue
  • transitional issues TR 2002/14 versus TR 94/24.
This paper was also updated and presented at the 'Retirement Villages: Understanding the tax implications' seminar held in Brisbane on 25 October 2006.

Author profile

Mark West CTA
Photo of author, Mark WEST Mark is a Partner at McCullough Robertson and is qualified both in law and as a Chartered Accountant. He advises clients on tax matters generally, including income tax, CGT, GST and payroll tax, and has acted in appeals to the AAT and Federal Court. - Current at 12 April 2017
Click here to expand/collapse more articles by Mark WEST.

 

This was presented at Tax Issues Surrounding Retirement Village Investment .

Get a 20% discount when you buy all the items from this event.

Individual sessions



Further details about this event:

 

Copyright Statement
click to expand/collapse