Capital Gains Tax (CGT) Property Income tax

Income tax for property development

Source: Western Australia

Published Date: 18 Sep 2014

 

This presentation covers:

  • the distinction between the sale of land on capital account and the sale of land on revenue account discussing:
    • the Full Federal Court decision in August & Anor v FC of T [2013] ATC 20-406
    • The High Court decision in FCT v Myer Emporium Ltd (1987) 163 CLR 199
  • the treatment of land as trading stock and the application of CGT event K4
  • some lesser known concessions which can extend the CGT main residence exemption.

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Individual Session

Income tax for property development

Author(s): Tim Poli

Details

  • Published By: Tim Poli
  • Published On:18 Sep 2014
  • Took place at:City West Receptions, WA

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 2014

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