With the introduction of TLAB (TOFA) 2007, TOFA is closer becoming a reality for taxpayers. This presentation looks at the impact of proposed Division 230 on common leasing and real property transactions. This presentation covers:
- the current state of TOFA legislation
- a general overview of the provisions
- a discussion of key property related exclusions
- the likely outcomes for common leasing and property transactions
- the interaction with existing tax law
- unresolved issues requiring consultation and clarification.