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Retirement villages - income tax and CGT issues presentation

Published on 27 Jul 06 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

Topics covered in this presentation include:

  • developer versus operator
  • capital versus revenue distinctions - resident contracts
  • lease premium versus resident loan
  • income tax treatments of deferred management fees, sharing of capital gain/(loss) with residents
  • sinking fund and capital replacement fund issues - trust funds
  • tax planning and structure issues
  • sale of villages - capital gain or revenue
  • transitional issues TR 2002/14 versus TR 94/24.
This was also presented at the 'Retirement Villages: Understanding the tax implications' seminar held in Brisbane on 25 October 2006.

Author profile:

Author Photo - Mark West CTA
Mark West CTA
Mark is a Partner at McCullough Robertson Lawyers and is qualified both in law and as a Chartered Accountant. Mark regularly advises clients on trust related matters. He advises clients generally on income tax, CGT, GST, land tax and payroll tax matters and has acted in appeals to the AAT and Federal Court. Current at 27 June 2016 Click here to expand/collapse more articles by Mark WEST.
 

This was presented at Tax Issues Surrounding Retirement Village Investment.

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