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Mid market focus: Property development: Property becoming trading stock

Published on 01 Apr 15 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

The correct classification of property as a capital versus revenue asset is becoming increasingly important given the ATO’s increased focus on property developers and the resulting audit activity.

Author profiles:

Josh Chye
Josh is a Tax Partner with HLB Mann Judd (Melbourne).
Current at 1 October 2016 Current at 03 November 2016 Click here to expand/collapse more articles by Josh Chye.
 
Amy Wark
Current at 08 April 2015 Click here to expand/collapse more articles by Amy Wark.

 

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