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.
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