Recorded Webinar: Tax Headaches for Small Property Developments

Landowners seeking to subdivide, build and sell their land to meet demand for residential property face a raft of tax structuring challenges. This session unravels the main tax issues for small property developments and includes:

• Income and capital divide - preserving the capital status of the asset
• A mere realization of the capital asset - when can this apply?
• Tax consequences when development is not a mere realization
• A profit-making undertaking Partnerships in property developments - is this a good idea?
• Deductibility of interest in property development financing
• Removal of deduction for visiting rental properties
• Changes to depreciation - when you can claim for existing plant and equipment
• Evidentiary requirements for tax purposes - Keeping the ATO off your client’s back