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State Taxes - Duties and Provisions

Published on 25 May 2017 | Took place at City West Receptions, West Perth, WA

As we approach the end of another financial year, taxpayers will be looking to their advisers for assistance in completing their year-end transactions; typically involving the transfer of property into or out of trusts and SMSFs and entity restructures. The pivotal issue for many of these transactions is whether there are any transfer duty exemptions or concessions available to the taxpayers. This covered a practical approach to assisting advisers on:

  • determining the availability of common exemptions and concessions
  • to manage the assessment process (including liaising with the Office of State Revenue) to get the best and most efficient outcome for their clients.

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

Individual sessions

Payroll tax update

Author(s):  Bryan COOKE

This paper covers:

  • legislation & case update
  • contractor update
  • annual reconciliation – key issues
  • future trends.

 

Materials from this session:

Applying the Duties Act, 2008 in 2017 - Working with the OSR to ensure the best outcomes for your client

Author(s):  Celia LONG

This paper covers:

  • duties exemptions and the nominal duty provisions
  • connected entity provisions
  • tips and traps - common errors made by clients which lead to requisitions (including with respect to valuations) and delays.
Materials from this session:

Practical examples in duties

Author(s):  Tim Poli

This paper covers:

  • exempt family farm transactions
  • transferring real property from discretionary trust to SMSF
  • applying the consolidation and reconstruction duties exemption
  • applying landholder duty exemptions to deceased estates and superannuation death benefits.
Materials from this session: