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Recorded Webinars

Recorded Webinar: Capital Gains Tax for Property Lawyers: Essential Principles, Strategies, and Insights

While property lawyers are not tax advisers, being comfortable with the fundamentals of CGT allows property lawyers to provide comprehensive guidance to clients, enabling them to navigate the complexities of taxation implications when buying, selling, or transferring real property
PRESENTED BY Philip Diviny Principal - Madgwicks Lawyers , Melbourne

Date/Time

About the Webinar

While property lawyers are not tax advisers, being comfortable with the fundamentals of CGT allows property lawyers to provide comprehensive guidance to clients, enabling them to navigate the complexities of taxation implications when buying, selling, or transferring real property. This practical webinar explores the basics of capital gains tax as it relates to real estate, including:

  • CGT on property sales: Exploring the tax implications when selling or disposing of real estate assets, including the calculation of capital gains and applicable tax rates.
  • CGT exemptions and concessions: Examining various exemptions and concessions available for property transactions, such as the main residence exemption, small business concessions, and rollover provisions.
  • Determining the cost base: Understanding the components that make up the cost base of a property, including acquisition costs, improvements, and associated expenses.
  • Calculating capital gains and losses: Exploring the methods used to calculate capital gains and losses
  • Timing considerations: Discussing the importance of timing in relation to CGT events, including the concept of the CGT discount, holding period requirements, and the impact of changing residency status.
  • Practical case studies

Presented By

Philip Diviny
Principal, Madgwicks Lawyers Melbourne, Vic.

A highly regarded tax lawyer with Madgwicks Lawyers which is  a broad-based tax advisory, tax controversy and international tax practice, Philip  works across a variety of industries, including property, infrastructure, agriculture, shipping, chemicals and health.

Philip is a highly numerate lawyer also qualified as a Chartered Accountant and Chartered Tax Adviser. His expertise includes:

  • Representing clients involved in ATO audits, including on transfer pricing, CGT and GST;
  • Acting in Federal Court and Full Federal Court litigation against the ATO;
  • Advising on all tax aspects of corporate transactions, including acquisitions, sales, restructures and demergers;
  • Advising on the tax aspects of property investment and development;
  • Applying for and obtaining private rulings;
  • Acting for individual taxpayers in complex matters involving the ATO, including Project Wickenby and directors penalty notice issues; and
  • Advising on tax-related professional negligence claims both for and against accountants and tax advisers.

Through his experience as a Chartered Accountant and Chartered Tax Adviser as well as lawyer, Philip has expertise in all facets of tax and is able to communicate complex ideas simply. Philip is a current member of the Advisory Panel to the Board of Taxation and a regular speaker and presenter.

Who Should Attend?

This webinar is suitable for lawyers practising in property law – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Lawyers can claim up to 1 CPD unit/point – substantive law. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

WA lawyers – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

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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