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Land tax - Lessons learnt from "epic fails" paper
Published on 15 Feb 13 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This practical paper:
- covers the land tax rules relevant to property investors and developers particularly how those rules can be applied to ensure clients do not unnecessarily pay increased land tax
- reflects on the lessons learnt from real life examples where clients and advisors have missed opportunities or applied the Land Tax Act incorrectly and suffered negative outcomes
- reflects on any recent judicial decisions handed down and the attitude of RevenueSA particularly in relation to compliance and structuring techniques currently being utilised to minimise land tax.
Author profile
Andrea Michaels
Andrea Michaels is the South Australian Minister for Small and Family Business, Consumer and Business Affairs, and Arts. She is also the State Member for Enfield, representing the community in Adelaide’s inner North and North-Eastern suburbs. Andrea’s family fled war-torn Cyprus in 1974, landing in South Australia in 1976 when she was just 11 months old with nothing but the clothes on their backs. Through her parents’ hard work, commitment to family and dedication to their community, Andrea was instilled with a passion for community service. She is now the proud mother of two boys, Sebastian and Charlie, and is keen to ensure that they and their peers are also provided with ample opportunities in a strong, diverse and thriving community. Prior to becoming a Minister, Andrea was running her own small business – a legal practice specialising in commercial law and supporting small and family businesses. She has also been Treasurer of the Law Society of SA, a company director, and a partner at industry leading law firms, as well as a chartered tax advisor and accredited family business advisor. Andrea is passionate about promoting diversity, supporting more women to launch and grow businesses, and building safe, fair and friendly communities. She is focused on ensuring the Government is easy to do business with, that small businesses are supported to succeed, and that the whole community has access to a thriving cultural and creative sector. Andrea is also committed to being a strong voice for the people of Enfield. - Current at 11 July 2022
This was presented at South Australian 6th Annual Property Day .
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Individual sessions
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Author(s): Leo EfthivoulouMaterials from this session:
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Land tax - Lessons learnt from "epic fails'
Author(s): Andrea MELILLOMaterials from this session:
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Income tax and CGT - In the real world
Author(s): Simon HOWMaterials from this session:
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GST - In the real world
Author(s): Lisa SMITHMaterials from this session:
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Main residence and CGT
Author(s): Karen GREGORMaterials from this session:
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Stamp duties - Here to stay
Author(s): Julie VAN DER VELDEMaterials from this session:
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SMSF syndication and fundraising - Bees around the honey pot
Author(s): Matthew AndruchowyczMaterials from this session:
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