Published on 19 Mar 13
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
Your clients contact you asking how to negotiate with a large energy company wanting to install wind turbines on their land. Another client has received correspondence from a mining company seeking to obtain their permission to the granting of exploration rights. Yet another client has been approached by a property developer and is considering re-zoning and subdividing one of their surplus coastal farm land into beachside allotments.
This presentation considers the increasing trend of primary production landowners to be involved in transactions with large corporations in the E&R and property development industries. It works through a number of case studies addressing the specific commercial and tax issues arising from transactions of this kind.
Specific topics covered include:
- taxation treatment of land access rights, easements, profit aprendres
- nature of gain or profit - revenue or capital and do any concessions apply?
- when does a farmer become a property developer for tax purposes - how to strategise for optimal outcomes
- does my client transfer the land to an optimal structure prior to thetransaction - what are the costs and benefits?
John is a Partner at Brentnalls SA Chartered Accountants and has worked almost exclusively with small to medium enterprises. Having grown up and worked in rural South Australia, he has developed particularly strong links with the rural community. John's main areas of expertise are in taxation and business advisory services to small and medium enterprises including involvement on a number of advisory boards across the agribusiness and retail sectors, together with succession planning and private wealth management services.
- Current at
12 January 2017
Peter Slegers heads Cowell Clarke’s Tax & Revenue Group. Peter advises and acts for a wide range of public and private companies, as well as the trustees of SMSFs. His areas of expertise include income tax (as it impacts on business and high net worth clients), CGT, GST, state taxes and superannuation law. Peter also undertakes succession planning work and is involved in significant business restructures. Regularly involved in advising SMSF trustees on issues associated with superannuation income streams, he is the co-author of The Tax Institute title, SMSF Income Stream Guide.
- Current at
06 June 2017