Published on 09 Mar 04
by QUEENSLAND DIVISION, THE TAX INSTITUTE
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
- registrations and input tax credits
- discretionary trusts.
Stamp Duty issues include:
- transfer of business provisions
- land-rich corporations.
Mark is a tax partner at BDO and a member of The Tax Institute’s Large Business & International Technical Subcommittee and the Queensland State Technical Committee. He is also a member of the expert advisory panel to the Board of Taxation and The Tax Institute’s representative on the ATO’s Private Groups Stewardship Group. Mark has many years of experience in advising taxpayers with respect to all areas of taxation, including CGT, FBT and income tax. He also provides taxation advice to other smaller accounting and legal practices in respect of their clients.
- Current at
04 January 2018