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What happens when the intended use of property changes?

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Published on 01 Aug 21 by "THE TAX SPECIALIST" JOURNAL ARTICLE

Real estate has traditionally been an accessible and versatile investment for SMEs and high net worth individuals. Uncertain economic times resulting from the global pandemic has meant that investors and developers may have to rethink their property holdings, and transactions undertaken now may differ from the original intended use. Given the volume of information now available to the ATO and the increased focus on property transactions, it is more likely that tax positions taken will attract their attention and require explanation. This article explores common changes and the resulting tax consequences arising from a change of intention.

Author profile

Sian Sinclair CTA
Sian Sinclair, CTA is a Partner in the Tax Group and the current Brisbane Office Chair for Grant Thornton Australia. Prior to that, she held both National and Global leadership roles in the Real Estate & Construction Industry Group with Grant Thornton. Sian’s expertise draws on 30 years’ experience in taxation, accounting and general business consulting. Advising clients from the start-up and growth phases of business through to those looking to realise their wealth via exit strategies. Her input is focused and practical with real insight into the issues impacting businesses in the industry, with deep experience managing tax risk for large private groups, advising on significant transactions and group consolidations. Sian oversees the compliance and planning needs of many Australian and international business groups in the real estate and construction sector. - Current at 06 March 2026
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