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
David Stitt CTA
David is a consultant to Freehill's Brisbane
Corporate and Tax practices. He is an experienced corporate lawyer as well as a chartered accountant (with a tax background). David utilises his expertise to advise on commercial legal and taxation
issues in Australia. Current at 29 August 2012
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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