Property ownership in Australia has never been more complex at both the Federal and State level. Overlaid by the perennial headache of the revenue versus capital distinction, property owners increasingly have to navigate their way through the tax minefield which takes the form of continual legislative change aimed solely at their landholdings, pertinent case law and draft ATO guidance.
This session will consider the following risk areas:
- Capital v Revenue
- Flipping
- Active Asset Test - SBCGT Concessions
- Main Residence - Non-Residents
- Vacant Land & Deductions
- Succession Issues.