The capital-income distinction is a fundamental aspect of Australia’s income tax system, and yet it remains a common source of conflict with the Australian Taxation Office. It is especially important in broadacre developments as the subject land has often been held for a long time in the same hands for primary production. This program gives practical guidance on what steps property developers can take to show that a property being used for house and land subdivision remains on capital account for as long as possible.
Featuring: George Kolliou, AG Tax Lawyers, Melbourne
[28.04 minutes] [0.47 CPD hours]
George Kolliou, formerly principal of Kolliou Tax Lawyers, has worked in the taxation field for over 30 years, firstly as an accountant and then as a lawyer. George's special area of interest is the intersection of taxation and trust law particularly in the SME context.
George regularly presents at tax conferences on SME taxation issues and writes for various professional journals. He has also co-authored the Australian Trusts Tax Handbook published by Thomson Reuters.
0.00 CPD Hours