Dodging the Tax Traps and Pitfalls in Property Development Planning – a live lunchtime online conference

Online Conferences,Taxation,Dodging the Tax Traps and Pitfalls in Property Development Planning – a live lunchtime online conference
Wednesday 21 April 2021

Vic, NSW, ACT, Qld, Tas: 12 noon to 2.45pm
SA/NT: 11.30am to 2.15pm
WA: 10am to 12.45pm

 

REGISTER NOW!
6 DAYS
UNTIL THE EVENT
.   .
 ABOUT THE ONLINE CONFERENCE

Hear from the experts at this online lunchtime conference. You can watch it on your computer or on your portable electronic device from anywhere.

The conference will be based on our highly successful video webinar technology: there'll be a chairperson, presentations and you'll have an opportunity to ask questions via online chat.

One registration can be shared by colleagues within the same firm utilising the same login.

 THE PROGRAM

Session 1: Tax Traps for Amateur Developers

Average “mum and dad” investors are dabbling more and more in the property development space without being aware of the numerous tax traps and pitfalls. This session aims to inform accountants and advisers of the various tax issues their clients need to be aware of when they undertake a property development venture. The following areas will be discussed:

  • The capital/revenue distinction – does the property development transaction constitute a mere realisation of a capital asset or is it a profit-making enterprise or business?
  • Analysis of various practical scenarios (e.g. small scale property subdivisions, joint ventures with developers)
  • Managing a dispute with the Commissioner  (e.g. what documentary evidence is required to support your client’s position)
  • Analysis of the Commissioner’s guidance on property development transactions
  • Examination of recent cases (e.g. Doyle v FCT [2020] AATA 345)


Session 2: Tax Consequences of Partitioning

As small-scale subdivisions become a more popular way of entering the property market, partitioning is becoming a common issue that advisers need to be across. Where a block of land is partitioned pursuant to an agreement between the owners, what are the tax issues that need to be addressed? This session explores the steps that result in a partition and their tax implications, including:

  • What is the difference between a partition and a subdivision?
  • When should you enter into the partition agreement?
  • Does subdivision trigger a CGT event?
  • CGT rollover availability in property partition
  • Stamp duty implications on partitioning
  • What methods can be used to apportion the cost base between the blocks?


Session 3: GST and Property Development Intensive

The impact of GST remains front of mind for property developers. This session provides a practical in-depth look at the impact of development structures on GST consequences, including:

  • Developing a property in family trust with intention to sell some:
    • What input tax credits can be claimed
    • What GST should be charged
    • Will the margin scheme be available?
    • Dealing with adjustments events
    • Completing the BAS return for reduced ITCs – a walkthrough
  • Options for selling the family farm and their GST implications:
    • Sell as is
    • Enter into joint venture with developer
    • Put in some infrastructure and rezoning and then sell blocks
    • Complete development and sell to end buyers
 THE FACULTY

Saxon Rose, Special Counsel, HopgoodGanim, Brisbane (Chair)

Philip Diviny, Partner, Madgwicks, Melbourne

Matthew McKee, Partner, Brown Wright Stein Lawyers, Sydney

Geoff Gartly, Director, Certified Exit Planner Adviser, Gartly Advisory, Melbourne

  -
 FEEDBACK FROM PREVIOUS ONLINE CONFERENCES
  • It was just like being at a well run conference but in many ways better. 
  • This option is of great assistance to country practitioners.
  • The live online conference format worked well and made the speakers more engaging than a recording.
  • Our team used the boardroom.  We could talk and discuss the presentation without feeling we were imposing on others and you could submit a question, which we did.  All from the comfort of our own office.
  • The conference was well organised and the email links very useful.
CPD CERTIFICATE

Delegates registered to attend the LIVE event will receive a CPD certificate for attendance.  Lawyers can claim up to 2.5 CPD units/points (substantive law) and accountants can claim 2.5 CPD/training hours.  FASEA:  2.5 hours – category:  technical competence.

EARLY BIRD REGISTRATION OFFER

If you register and pay by 31 March 2021 you will pay only $495 – a saving of $55 off the full price conference registration fee of $550.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Event Coordinator, Hayley Williams–Cameron on (03) 8601 7730 or email: [email protected]



© Television Education Network Pty Ltd 2021

Product Code: ODTAPR21
 Price:   $550.00 (Inclusive of GST)