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  Capital Gains Tax (CGT) Property Income tax

The accidental property developer

Source: Victoria

Published Date: 10 Oct 2013

 

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In this paper, 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.
Author(s)

Individual Session

The accidental property developer

Author(s): Ben Payne
Materials from this session:

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Details

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

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Capital Gains Tax (CGT) Property Income tax GST 2013

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