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The Stamp Duty and CGT Issues upon Transferring Primary Production Assets between Related Parties seminar paper

Published on 31 Oct 03 by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE

Advisers are often consulted on the income tax and CGT implication of transactions, but not the resulting stamp duty and GST implications. This seminar paper explores the practical stamp duty and GST issues upon transferring primary production assets between related parties, including the specific concessions available for primary producers.

GST issues include:
- the supply of a going concern
- subdivided farm land
- residential premises
- agistment
- registrations and input tax credits
- discretionary trusts

Stamp Duty issues include:
- farming property exemptions
- land-rich corporations
- losses
- partition of property
- stamp duty
- review of the recent amendments and proposed amendments to the Stamp Act.

Author profile:

Adam LEVIN
Adam is a Partner with Jackson McDonald. He heads up the Tax and Succession Practice at Jackson McDonald. Adam’s practice includes specialising in net tax and succession for high end private clients including their superannuation, business succession and sale , taxation of property transactions and charitable trusts. A regular presenter in WA, with a masters in taxation, over 10 years relevant experience , Adam is well placed to speak on this topic.
Current at 21 June 2006
Click here to expand/collapse more articles by Adam LEVIN.
 

This was presented at Primary Concerns .

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

Individual sessions


Tax Treatments of the Sale of Grain

Author(s):  Paul HANSEN

Materials from this session:

Tax Issues Exclusive to Primary Producers

Author(s):  Paul HANSEN

Materials from this session:


Further details about this event:

 

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