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  Capital Gains Tax (CGT) GST Primary production

Real property transactions: Opportunities and pitfalls case study and solutions

Source: South Australia

Published Date: 1 Nov 2012

 

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Structuring acquisitions, development, leasing and sale of real property provides continuing challenges and many opportunities for tax advisers. This paper explores the key issues confronting property owners, advisers and the courts, specifically:

  • structuring: acquisitions for long term capital growth, development, and short term profits
  • gains/losses on capital/revenue account – profit on sale or mere realisation
  • property development vs property investment
  • depreciating assets - undissected lump sum vs allocation to different assets
  • GST – revisiting the margin scheme. Going concern for ‘leasing enterprises’.
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Capital Gains Tax (CGT) GST Primary production State taxes Payroll tax Land tax 2012

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