Published on 29 Aug 12
by QUEENSLAND DIVISION, THE TAX INSTITUTE
This paper looks at the tax and legal implications of selling land to a developer for a pre-agreed price or share of profits.
Issues covered include:
- what is a mere realisation and what practical steps should be taken to ensure this result?
- access and security issues
- stamp duty implications
- can the margin scheme be used?
- valuation tips and traps
- development leases.
Current at 23 January 2013