Managing Tax Compliance Risks: One Day Online Masterclass

This one-day online masterclass provides an easy way to stay up to date without the cost of and time of travelling.

Morning Theme: Trusts and Companies Under the Tax Lens

1. Trusts Under the Regulator’s Microscope - judging by the extent of ATO guidance material released in recent years, it would be fair to say that the ATO is keeping more than a watchful eye on the use of trusts. At the same time, practitioners have been kept more than busy conveying the issues attracting the ATO's attention onto, at times, unsuspecting trustees. This session delves into some of the recent topical tax issues involving trusts,
2. Division 7A: Are There Any Ticking Time Bombs in Your Client Base? - the ATO has been active in recent times in getting the message out there that Division 7A is proving to be a major cause of concern for them, with compliance levels not at a standard they would like to see. This session takes a look at the main issues attracting the ATO's attention, along with strategies to assist with defusing any potential adverse outcomes.
3. Interest Deduction: Maximising Tax Benefits in a High-rate Environment in a higher interest rate environment, the value of interest incurred being eligible as a tax deduction has gained more importance. This session explores various situations where the claiming of interest may not be all that straightforward

Afternoon Theme: Taxing Issues in Property

4. Tax Implications for Small-Scale Land Subdivisions - one of the trickier issues that can come up in practice is when a client seeks advice on a small-scale property subdivision. Often the advice is sought by someone with no previous property development experience, who has just happened to find that as landowners, they can reap greater rewards if further development to their property is undertaken.
5. Margin Scheme Benefits to be Had, But There's Not a Lot of Margin for Error - correct use of the margin scheme can provide benefits for both buyer and seller, however the scheme can be complex to apply and getting it wrong can lead to an unravelling of the anticipated benefits. This session delves into some of the thornier issues that are surfacing in practice.
6. GST When Building to Rent and Not to Sell - with the Federal Government jumping on board with the various states and territories, proposing incentives to assist with increasing the housing supply for certain build-to-rent (BTR) projects, now is a good time to review the GST implications for such projects. This session is designed to do just that.