Property Taxes for All Lawyers
Issues covered include: state taxes, GST, property transactions, property tax, foreign acquirers, investments, holding property
Description
With South Australia’s property tax regime in a state of upheaval, there has never been a more crucial time to build a comprehensive and effective property tax toolkit that you can use immediately in your practice. Featuring insightful perspectives from the legal and accounting sectors, you will gain information, updates and strategies through in-depth and practical presentations on key property tax issues and how they play out in the real world.
Attend and earn 4 CPD units in Substantive Law
9.00am to 9.05am Opening Comments by the Chair
9.05am to 10.35am: States Taxes: A State of Change
- Land tax: what eventuated
- Common holdings
- Trusts
- Company grouping
- What next
- Duties Act: what may eventuate
- Duties Act model
- What is likely to be new or changed
- What it means in practice
- When will it commence?
- Land valuations: what is coming
Presented by Bernie Walrut, Barrister, Murray Chambers
10.35am to 11.20am: GST and Property Transactions
- GST withholding on residential property developments
- GST Margin Scheme: opportunities and pitfalls
- Capital vs revenue conundrum
- Adjustment events associated with change of use
- GST-free Supply of a Going Concern
- GST clauses
Presented by Michael Cranwell, Manager - Indirect Tax, EY
11.20am to 11.35am Morning Tea
11.35am to 12.20pm: Property Tax and Foreign Acquirers and Investments
Explore a select set of issues facing foreign acquirers of real property in Australia including:
- Duty and land tax considerations
- Vacancy fee
- Foreign resident capital gains withholding
- CGT main residence changes
Presented by Sarah Lennon, Manager, PKF Adelaide
12.20pm to 1.05pm: A Guide to Tax Structures for Holding Property: the Advantages and Disadvantages of Each
Property may be owned by a holding entity for various reasons including asset protection, to keep the property for the benefit of certain persons at the exclusion of other persons or for ease of transferring to other entities (via deed of vesting etc.). Consider the advantages and disadvantages of the following types of entities holding real property:
- SMSFs including borrowing in super
- Discretionary trusts
- Unit trusts
- Holding companies
Presented by Marita Pangallo, Barrister, Howard Zelling Chambers
Venue
Stamford Plaza Adelaide Hotel
Level 2, 150 North Terrace
Adelaide 5000
SA
Australia