A slowing property market, tightening of lending restrictions and changes to FIRB and stamp duty rules relating to foreign purchasers have all increased the number of failed property settlements. This session considers the tax character of various payments associated with failed settlements, including forfeited deposits and payments of damages.
Featuring: Andy Milidoni, Johnson Winter Slattery, Sydney
[26.02 minutes] [0.43 CPD hours]
Andy specialises in all aspects of taxation and revenue law, trust law and some aspects of superannuation law. He routinely advises on trust matters including those arising from estate planning, wealth and business structuring.
Andy has acted for clients in respect of private ruling applications and their tax disputes with both the ATO and the State Revenue Offices in respect of income tax, GST, stamp duty, payroll tax and land tax matters.
0.00 CPD Hours