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Property Syndication - The Income Tax and GST Issues presentation
Published on 07 Apr 06 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA
A number of recent cases and ATO rulings have significantly impacted on the income tax and GST treatment of property syndicates. This is an emerging area of tax with big dollars at stake. This session will examine:
- Serviced apartments and management arrangements - the new GST treatment
- Does TD 2005/28 apply to all property syndicates?
- The income tax and GST impact of guaranteed rental streams
- Common property and capital allowances
- using nominees or custodians to hold syndicate property - the income tax and GST issues
Author profile
Lachlan Wolfers CTA
Lachlan Wolfers, CTA, is the Global Head of Indirect Taxes for KPMG, and also the Global Head of Data for KPMG Tax & Legal. He is also the National Leader of KPMG Law in Canada. He has over 25 years of experience advising multinational companies on indirect taxes, as well as tax transformation and technology. Lachlan is passionate about the role of indirect taxes in driving developments in the digitalization of the tax function. His recent publications, 'Transforming the in-house tax function through Technology', ‘The Future of Indirect Taxes to 2030‘, ‘The Future of VAT in a Digital World’ and ‘The Future of Generative AI in the Tax Profession’ all seek to provide insights on developments in areas like indirect taxes, how data is managed in the tax function and in the use of technologies to chart a course to the future. Lachlan has a strong sector focus on the digital economy and in the financial services sectors, and acts for many of the largest companies in these sectors, including for industry bodies. Lachlan also has considerable experience in the implementation of VAT/GST systems, having done so in Australia in the year 2000, and in China from 2012 to 2016. In 2020 Lachlan was awarded the Indirect Tax Advisor of the year for the Asia Pacific region by the International Tax Review. Lachlan has a long history of providing support and expertise to policymakers, finance ministries and tax authorities around the world, including in China, Australia and the UK, as well as the OECD. He is admitted as a Solicitor to the Supreme Court of NSW, and is called to the Bar by the Law Society of Ontario. Earlier in his career, Lachlan was the Associate to Justice Keith Mason, President of the NSW Court of Appeal. Lachlan has co-authored the leading textbook on capital gains tax in Australia (with Adjunct Professor Gordon Cooper AM), as well as authoring chapters for textbooks on income tax and GST. He was previously a National Director of the Taxation Institute of Australia. - Current at 19 September 2025
This was presented at 21st National Convention: Beyond the Sea .
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Will my deductions be disallowed under Division 16D or s51AD or the new rules replacing them?
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Author(s): Jane MADDENMaterials from this session:
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Property Syndication - The Income Tax and GST Issues
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How fixed is your trust - can you assume that it will survive a change of the ATO's present view?
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Professional Liability - Minimising the risk of adverse civil consequences for tax practitioners
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