Preparing for the end of the property boom - capital allowances presentation

Published on 05 Jun 04 by QUEENSLAND DIVISION, THE TAX INSTITUTE

The property industry continues to be a significant part of the engine room of the Australian economy. Whether the boom will end and indeed, when it may end is a matter of some conjecture. However, whether or not the current boom continues or slows, there are many income tax issues that require monitoring and attention, going forward. The focus of this presentation is on available capital allowances:
- composite assets - where to apply Div. 40 and 43
- maximising the allowances - plant and effective life limitations
- leasehold interests, the holder rules, and deductions when tenants exit premises.

Author profile

Keith Burchill

Keith joined PricewaterhouseCoopers in May 2003 to lead its Property Industry practice in Queensland. Keith has significant industry experience at all levels of the industry and speaks the same language as the developers and funds managers, owing to his operational experience from 12 years as Head of Tax at Westfield in Sydney. Keith has been involved with the peak industry bodies for the Property industry for over 15 years and has over 21 years experience in taxation - he is qualified as both a lawyer and chartered accountant. - Current at 23 July 2004

More by Keith BURCHILL

• Preparing for the end of the property boom - capital allowances convention paper - 05-June-2004
• Partnerships - A Case Study seminar paper - 22-February-2003
• Practical aspects of choosing a property investment structure - 12-November-2002
• Practical aspects of choosing a property investment structure - 03-September-2002

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