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106912
Individual Podcasts

The Vexed Issue of the Taxing of Property

Issues with the taxing of property are never far from the topical difficulties faced by tax practitioners. Complications can arise when the purpose for a property changes over time or an entity acquires more than one property with a different purpose for each. This session explore
PRESENTED BY Leila Chalk Partner - Forty Four Degrees Lawyers & Consultants , Melbourne

Date/Time

About the Podcast

Issues with the taxing of property are never far from the topical difficulties faced by tax practitioners. Complications can arise when the purpose for a property changes over time or an entity acquires more than one property with a different purpose for each. This session explores the issues, including:

  • Review of the ATO’s guidance material on the tax consequences on sales of small-scale land subdivisions
  • Tax implications to account for if an intention for a property changes from investment to profit-making or to trading stock and vice versa
  • The importance of aligning the ongoing accounting treatment for each property owned by an entity to support intended tax treatment
  • Managing the risk of being tarred with the revenue brush where an entity acquires different properties on both revenue and capital account
  • Tax implications to consider for entities acquiring properties to renovate and rent, when some are sold within or after five years
  • Tips for engaging with the ATO when the revenue/capital distinction for property is blurry (QC 19065)
  • Practical examples

Presented By

Leila Chalk
Partner, Forty Four Degrees Lawyers & Consultants Melbourne, Vic

Leila is the principal solicitor of Forty Four Degrees with a passion for commercial and property law. Leila is a published author and obsessed baker.

Leila presents at different property law seminars as part of annual continued professional development conferences and consults other lawyers in the area of practice management. She looks after lawyers and other professionals facing disciplinary proceedings from their regulatory body.

Leila has written a number of guides on property law available at the Victorian Law Foundation and has presented seminars annually at Law Week.

CPD Information

30 minutes

0.5 CPD hours/units/points 

WA Lawyers – TEN is unable to verify that you have earned CPD for this product as we cannot verify that you have listened to the podcast which is a requirement of the LPBWA.  TEN is an accredited provider.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact us, on (03) 8601 7700 or email: [email protected]

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