Property Taxes Series: Update and Planning Options

Published on 25 Oct 2005 | Took place at Leonda by the Yarra, Hawthorn, VIC

This seminar series was held on 18 and 25 October 2005.

The property industry is undergoing constant change as does the taxation law and issues impacting property developers, owners and investors. In parallel, the ATO is increasing its audit activity, with the property industry being a particular focus area - both from an income tax and GST perspective. Recent state taxes changes and land tax proposals currently under consideration by the State Government also have implications for property transactions and structural arrangements involving property in Victoria.

In that context this two part series focused on the tax changes and developments facing the property sector, including the ATO's and SRO's approach, and addressed planning options for developers and investors in practice.

The seminar also addressed in detail some specific changes in GST which can have significant cash impact on certain property developments, covering the ATO's recent interpretation limiting access to depreciation deductions for certain types of property, and covered the broader issues involved in holding and financing property from a tax and legal perspective.