Live Webinar: Tax Implications of Failed Property Settlements

 

Date:  Thursday 15th November 2018 – Online:
Vic, NSW, ACT, Tas:  3pm to 5pm 
SA: 2.30pm to 4.30pm  WA: 12noon to 2pm  
NT: 1.30pm to 3.30pm  Qld: 2pm to 4pm

 ABOUT THE WEBINAR
As lending restrictions tighten, there are an increasing number of investors (non-resident and Australian) unable to obtain financing and so unable to settle on purchases. This can lead to forfeited deposits, rescinded contracts, damages payments and settlement agreements. This session considers the GST, income tax/CGT and transfer duty implications that can arise, including:

  • Will CGT Event H1 or section 6-5 apply to forfeited deposits and in what circumstances?
  • Application of GST to forfeited deposits – application of Division 99 and the Reliance Carpet case
  • Duty exemption on cancellation of contract – when does it apply?
  • Damages payments – capital or revenue?
  • Can damages constitute consideration for a supply?
  • What is the tax consequence of payments under settlement agreements relating to multiple purchasers in the same development?
 PRESENTER
Our presenter

Andy Milidoni, Partner, Johnson Winter & Slattery, Sydney

Andy specialises in all aspects of taxation and revenue law related issues, as well as superannuation and trust law. He has advised on matters such as the tax implications of corporate mergers, acquisitions and restructures, managed investment schemes and stapled structures, funds management, the taxation of trusts generally, equity market transactions, debt market transactions and employee share schemes.

Andy also advises on superannuation for retail, industry and self managed superannuation funds, employment taxes including fringe benefits tax, PAYG, superannuation guarantee etc, wills and estates. He has been involved in pro bono matters including the deductible gift recipient applications, establishing private ancillary funds, public ancillary funds and charitable trusts and charitable institutions.

Andy has acted for clients in product ruling, class ruling and private ruling applications to the ATO and in negotiating settlements with the ATO related to tax audits and tax disputes.

 WHO SHOULD ATTEND?

This webinar is suitable for accountants advising in taxation matters - Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

 CPD CERTIFICATE

Live webinar delegates will receive a CPD certificate for attendance at this webinar.  Accountants can claim up to 2 CPD/Training hours.  This webinar has been designed to run for 2 hours, however, webinar lengths can vary depending on the level of questions and discussion, and the minimum length of the webinar is 1.5 hours.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au

Attending a TEN webinar couldn’t be easier. Basically it’s just like attending a seminar except that you don’t have to leave the comfort of your office or home. You just need to be available at the appointed date and time with your computer and internet connection.

Once you’ve registered for the webinar, we send you a link so that you can login to the webinar from your computer. The speaker delivers the session from their computer in real time. Just like a live seminar, you can ask questions of the speaker. You simply type your question into the question box and the speaker responds to it during question time.
At the end of the webinar session we send you a certificate to confirm your attendance and the number of CPD hours you earned.

You will need a computer with sound, an internet connection and earphones if you need to participate in the webinar in an open office environment (so you don’t disrupt those around you).

Product Code: RBINOV18
 Price:   $264.00 (Inclusive of GST)
© 2018 Television Education Network Pty Ltd. All rights reserved. The program for this webinar is copyright and may not be reproduced in any form without the prior written consent of the copyright owner.