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Recorded Webinars
As small-scale subdivisions become a more popular way of entering the property market, partitioning is becoming a common issue that advisers need to be across. Where a block of land is partitioned pursuant to an agreement between the owners, what are the income tax and GST issues

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About the Webinar

As small-scale subdivisions become a more popular way of entering the property market, partitioning is becoming a common issue that advisers need to be across. Where a block of land is partitioned pursuant to an agreement between the owners, what are the income tax and GST issues that need to be addressed? This session explores the steps that result in a partition and their tax implications, including:

  • What is the difference between a partition and a subdivision?

  • When should you enter into the partition agreement?

  • GST consequences:

    • Is there an enterprise by reason of a partition of land?

    • When is there a supply for GST purposes and is it a taxable supply?

  • Income tax consequences:

    • Does subdivision trigger a CGT event?

    • What methods can be used to apportion the cost base between the blocks?

Presented By

Matthew McKee
Partner, Brown Wright Stein Lawyers Sydney, NSW

Matthew McKee is an experienced tax and superannuation lawyer who regularly provides tax and commercial related advice to accountants, financial planners, small to medium enterprises and private clients. Matthew has a particular expertise in New South Wales state taxes (duties, payroll tax and land tax) but advises on all aspects of taxation law, including income tax, capital gains tax (CGT), GST and the SIS Act.

Matthew has experience in resolving of taxation disputes, including:

  • Managing Australian Taxation Office (ATO)/ Revenue NSW audits and investigations, voluntary disclosures;
  • Preparing taxation objections and private ruling applications;
  • Conducting tax litigation in the Administrative Appeals Tribunal and Federal Court of Australia, the NSW Civil and Administrative Tribunal and Supreme Court of New South Wales; and
  • Negotiating settlements and payment arrangements with the ATO and Revenue NSW.

Matthew also provides advice on trusts and structuring as well as commercial issues including asset and business acquisitions and disposals, share sale agreements, shareholder and joint venture agreements.

Who Should Attend?

This webinar is suitable for accountants and lawyers advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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