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Dealing with real property in “non-ideal” structures

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Published on 01 Mar 14 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

It is not uncommon to see clients holding real property in structures that are “non-ideal” when considering the client’s objectives regarding the real property and the pros and cons of the existing holding structure. This article examines some of the issues that should be worked through when determining an ideal structure through which to purchase real property, in addition to reviewing some case studies that involved a reformulating of “non-ideal” holding structures.

The article also reviews some of the implications that arise when real property is held within a deceased estate environment, in particular, what the consequences are when real property is bequeathed to a non-resident beneficiary, in addition to reviewing whether real property can be developed inside an estate environment.

Author profile

Richard Bowden CTA
Richard is a Tax and Business Services Director at Accru Harris Orchard where he is responsible for advising on most income tax, CGT and GST issues that are typically encountered by SMEs and family businesses. Richard is a Chartered Tax Advisor and is a member of the Tax Institute’s Technical and Roundtable committees. - Current at 23 July 2019
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