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Retirement villages - establishment and operational issues paper

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 07 Sep 05 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

Topics covered in this paper include:

  • developer versus operator
  • new villages and receipt of initial funds from residents
  • capital versus revenue distinction - resident contracts
  • lease premium versus resident loan
  • deferred management fees, share of capital gain/(loss)
  • sinking fund and capital replacement fund issues - trust funds
  • tax planning and structure issues
  • sale of villages - capital gain or revenue
  • resident liabilities
  • transitional issues TR 2002/14 versus TR 94/24.

Author profile

Brian Nimmo CTA
Brian Nimmo is a Director at Perks Chartered Accountants. Brian draws on his general business advisory experience, as well as his background in specialist taxation consulting, to provide clients with commercially focused strategic taxation advice. - Current at 17 August 2016
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This was presented at Tax Issues in Building and Operating Retirement Villages .

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Individual sessions

Retirement villages - establishment and operational issues

Author(s):  Brian NIMMO

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Retirement villages - GST issues

Author(s):  Kristian THOROUGHGOOD

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Retirement villages - legal issues

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