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Income tax and CGT presentation

Member Price: Free
Non Member Price: $15.00

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 27 Feb 14 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

This presentation covers:

  • revisit the key concepts – capital v revenue:
    • history and established precedent
    • trends in cases & ATO approach
    • consideration of enterprise?
  • business or not?:
    • trading stock issues & practicalities
    • not trading stock – how does that work?
    • what if I make a loss?
  • practical considerations:
    • moving from capital to revenue
    • identifying and preserving capital gain.

Author profile

Scott McGill CTA
Scott McGill, CTA is a Partner at Pitcher Partners Sydney where he focuses on taxation, business, structuring and succession issues for a wide range of clients including high net worth and large private SME’s. He is closely engaged in the property industry across income tax, GST and state taxes and actively involved number of technical forums including the Property Council, Retirement Living Council and CAANZ taxation working groups. Scott does not shy away from complex issues or disputes and has a reputation for achieving commercial outcomes. - Current at 04 July 2023
Click here to expand/collapse more articles by Scott McGill.

 

This was presented at SME Property Masterclass .

Get a 20% discount when you buy all the items from this event.

Individual sessions

State taxes - An update

Author(s):  Andrew Rider

Materials from this session:

Income tax & CGT in property

Author(s):  Scott McGill

Materials from this session:

Practical GST issues

Author(s):  Martin BOOTH

Materials from this session:

Unit trusts – The optimal vehicle for property acquisitions?

Author(s):  Chris ARDAGNA

Materials from this session:

Main residence exemption

Author(s):  Todd Want,  Liam Cox

Materials from this session:

Panel session

Author(s):  Chris ARDAGNA,  Martin BOOTH,  Scott McGill,  Andrew Rider,  Todd Want

Materials from this session:

Further details about this event:

 

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