Taxation of Property Transactions Series

Price (incl GST)
Members price $250.00
Non-Members price $300.00
Students price $198.00

All delegates must be registered to be able to participate in training and to be eligible to receive qualifying hours.


An abundance of taxation issues arise in the context of property investments extending from an investor holding an interest in a residential unit to a large property developer selling multiple developments each year. Taxation issues also arise for building and construction contractors who provide construction services to property investors and developers. Additionally, tax issues abound in the context of holding vacant land and the application of capital gains tax on the disposal of real property assets.

These two seminars with Tom Delany will appraise you of the taxation issues (income tax, capital gains tax and GST)

that arise for property investors/developers and construction contractors and provide you with guidance on how to deal with those issues in the most tax effective manner.

April 6 – Tax Issues for Property Investors & Developers

Tax issues arising for property investors/developers, including:

  • holding land for development (including vacant land)
  • work in progress as trading stock (including partly constructed property) including the tax and accounting treatment of
  • costs associated with developing the land and construction costs
  • the sale of developed blocks and completed buildings including pre-completion contracts
  • distinguishing between transactions subject to income tax and those subject to capital gains tax
  • determining if and how GST will apply to a transaction and identifying whether the margin scheme applies

April 8 – Tax Issues for Building Contractors & Sub-contractors

Tax issues arising for building contractors and sub-contractors providing construction services to property

  • investors/developers, including:
  • the timing of income recognition (eg., long term construction contracts, progress payments, retentions, etc)
  • recognition of expenditure and timing of deductions for tax purposes
  • how construction firms can ensure that they are meeting their tax obligations (eg., taxable payments reporting,
  • superannuation payments (employee v contractor), etc)
  • identifying how GST applies to supplies made and the entitlement to input tax credits ensuring that construction contractors are not in breach of Division 7A

Presenter

Tom Delany Tom Delany
Pricipal
Tax Partner Pty Ltd