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  Miscellaneous 2006

Retirement Villages and Nursing Homes - income tax issues

Source: Victoria

Published Date: 14 Jun 2006

 

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This paper covers the following topics:

  • types, treatment and the ATO's views on resident contracts
  • treatment of deferred management fees
  • capital versus revenue distinction and the importance of the characterisation
  • transitional issues arising from ATO Taxation Ruling 2002/14 compared to Taxation Ruling TR94/24
  • the practical impacts and difficulties of tax consolidation in the industry
  • taxation implications arising from IFRS and the proposed Taxation of Financial Arrangements Bill applying to the industry.
Author(s)

Individual Session

Retirement villages and nursing homes - income tax aspects

Author(s): Matt Birrell
Materials from this session:

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Details

  • Published By: Matt Birrell
  • Published On:14 Jun 2006
  • Took place at:Rydges Riverwalk, Richmond

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