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Taxing rental properties - selected issues seminar paper

Published on 25 Nov 04 by VICTORIAN DIVISION, THE TAX INSTITUTE

This paper examines a range of issues of relevance to both landlords and tenants, including:

  • new Draft Taxation Ruling TR2004/D18 on lease surrender payments and receipts
  • tax treatment of lease incentives
  • joint ownership of rental properties
  • whether tenants can claim a capital loss for tenant's leasehold improvements when the lease ends?
  • can tenants claim a tax deduction or capital loss for property restoration works when the lease ends?
  • availability of small business CGT concessions to landlords who sell commercial rental properties, holiday apartments, hostels, student accommodation or properties occupied by 'connected entities'
  • sale of a going concern conducted on leased real estate - does the GST exemption apply if the buyer can't or doesn't need to take over the lease?
  • stamp duty treatment of tenant's fixtures - new section 22A of the Duties Act.

Author profile:

Ron JORGENSEN
Current at 15 June 2011 Click here to expand/collapse more articles by Ron JORGENSEN.
 

 

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Taxing Rental Properties - Selected Issues

Author(s):  Ron JORGENSEN

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