Corey Beat

Corey Beat, CTA

Findex

Corey Beat, CTA, is a Partner in the Perth Tax Advisory division of Crowe Australasia. Corey has over 20 years’ experience in providing taxation advice and specialist tax consulting services, covering a diverse array of issues, including domestic and cross-border income tax issues, CGT, GST and employment tax issues.

Corey was previously chair of The Tax Institute’s Professional Development Committee in Western Australia, and was a finalist in The Tax Institute’s SME Tax Adviser of the Year Awards in 2018.

Session details

Session 10.3: Property flipping as a national sport – are the flippers amateurs or professionals?

In recent years, reality television, a booming property market and low interest rates have spawned thousands of property development arrangements and none are standard.

This session will cover:

Type of entities that can be involved (including single entities, property owners and ‘builders’ joining forces, and single venture unit trusts)
How many flips make an enterprise?
How many flips make a business?
Can a flipper access the main residence exemption?
Does using a single venture entity (eg a new unit trust) change the outcome?
Can a developer reinvent themselves as an investor through choice of co-participants or entity?

Speakers: Corey Beat, CTA, Findex, Chris Wallis, CTA, Victorian Bar