Capital Gains Tax (CGT) Property Income tax

The accidental property developer

Source: Victoria

Published Date: 10 Oct 2013

 

In this presentation, Ben discusses the tax issues that arise for the one-off or backyard property developer including:

  • when to register for GST, and other GST implications
  • application of margin scheme provisions and getting it right
  • profit-making undertakings, and venturing property into a development (but not trading stock) andv aluations etc
  • interplay between CGT and GST
  • whether the gain is on capital or revenue account, eg repeat “backyard” subdividers and developers whouse the main residence CGT exemption.

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Author(s)

Individual Session

The accidental property developer

Author(s): Ben Payne

Details

  • Published By: Ben Payne
  • Published On:10 Oct 2013
  • Took place at:Park Hyatt, Melbourne

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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Capital Gains Tax (CGT) Property Income tax 2013

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