Property Taxation and Advisory Conference 2019 - Recorded in October 2019, NSW
Issues covered include: CGT, GST, property tax, family law, estate planning, property investment
Description
Covering an array of issues from CGT and GST updates to family law and estate planning, don’t miss this annual conference which brings together accounting and legal experts to give up-to-date guidance on how best to advise your clients in today’s market. Focussing on advising your clients who earn their income in property investment or development so that you know where the opportunities lie, how much tax they will have to pay, and how to protect their investment.
Chair: Gino Malacco, Partner – Tax, Hall Chadwick
SHORTCUTS TO UNDERSTANDING THE NSW PROPERTY MARKET
9.00am to 9.50am: A Roadmap to the NSW Property Market and Tips on Land Tax Objection
- NSW commercial property investment market
- NSW residential property market and what is driving demand
- Off the plan sales and key trends
- Land value objection process and how a valuer can assist
- What is the success rate in objecting to land tax valuation and how to achieve the desired outcome
Presented by Angeline Mann, Commercial Director, Herron Todd White
TIMELY, EXPERT ADVICE FOR YOUR PROPERTY DEVELOPER CLIENTS
9.50am to 10.50am: Navigating Critical Tax and Duty Issues Related to Subdividing & Partitioning Land
- Revenue vs Capital for ‘once-off’ property developers
- Development agreements: charging duty on ‘Economic Entitlements’
- Partitioning land: How is a partition treated for CGT and duty?
- Retaining subdivided land: GST and income tax issues
Presented by Scott McGill, Partner, Private Business and Family Advisory and Tax Consulting, Pitcher Partners; Chartered Tax Adviser
10.50am to 11.05am Morning Tea
11.05am to 12.05pm: Answers to Key GST Questions in the Residential Property Development Lifecycle
- Can GST influence the selection of the development site?
- When should the developer register for GST?
- Can the developer claim full input tax credits on development-related purchases?
- Can the developer access the margin scheme? How is the margin calculated?
- What if the developer decides to rent some of the new residences or transfer them to an associate?
- How does GST apply to ‘build-to-rent’ models?
- What are the developer’s GST withholding obligations?
- What is a GST-effective operating structure for a residential developer?
Presented by Gemma Higgins, Director – Indirect Tax, Grant Thornton; Chartered Tax Adviser
SKILLS, TOOLS & INFO FOR ADVISING YOUR RESIDENT AND NON-RESIDENT CLIENTS
12.05pm to 1.00pm: Taking Advantage of CGT and Main Residence Exemption: Maximising the Opportunity
- Clarifying the general concepts of the CGT main residence exemption
- Key considerations in relation to subdivision, demolition and rebuilding property
- Practical tips in the event of divorce or separation
- Consequences of producing income from property
- Opportunities and challenges regarding deceased estates
Presented by Greg Vale, Solicitor Director, Vale Legal; Accredited Specialist in Business and Personal Tax; Chartered Tax Adviser
1.00pm to 1.45pm Networking Lunch
1.45pm to 2.40pm: Precisely How to Advise Foreign Property Investors in a Changing Tax Landscape
- Does the surcharge regime apply to all real property?
- How to correctly define a foreign person?
- The domino effect: When is an Australian trust a foreign person?
- The irrevocability requirement
- Strategies of limiting trust distributions to foreign persons
- How about other states/territories?
Presented by James Meli, Practice Leader – Tax, LegalVision
AVOIDING FAMILY AND SUCCESSION LAW DISASTERS
2.40pm to 3.35pm: From a Family Lawyer’s Perspective: A Guide Map for Property Advisers
How to assist your clients who own properties with practical first steps, disclosure obligations and preparation of the balance sheet
- The approach of the Family Court to division of property assets, and particularly to the assessment of contributions where there was an initial financial contribution or inheritance received during the relationship
- Recent Family Court authorities on trusts; dealing with questions of control and valuation
- Asset protection and financial agreements: What’s the current state of play?
Presented by Sheridan Emerson, Partner, Pearson Emerson Meyer; Accredited Family Law Specialist; Preeminent Family & Divorce Lawyer, Doyle’s Guide 2019
3.35pm to 3.50pm Afternoon Tea
3.50pm to 4.45pm: Succession Planning: Identifying and Explaining the Key Issues for Your Property Clients
- The legal basics of transferring wealth from one generation to the next and what you need to know as an adviser
- Clients with businesses and external entities: What needs to be done when a will is not enough?
- The appropriation of property assets from an estate
- The importance of Enduring Powers of Attorney and why you need to know
- Challenges and risks of granny flat scenarios
- Case studies
Presented by Adeline Schiralli, Consulting Principal, Keypoint Law
Accreditation
Attend and earn 6.5 CPD units
FASEA CPD Categories
6.5 CPD units in Technical Competence
All our conferences are able to count towards your CPD hours in accordance with the regulations of any industry association including CA ANZ, CPA and more. Click here to view your organisations' rules.
Venue
Cliftons Sydney
Level 3, 10 Spring Street
Sydney 2000
NSW
Australia
Directions
Nearby Public Transport:
Train Stations - Wynyard 400m OR Martin Place 500m
Bus Interchange - Clarence Street 450m
Ferry - Circular Quay 1.2km
Parking Information
Parking not included in you registration. Here are some options below.
Secure Park 20 Bond Street - click here for rates
Wilson Park 1 O'Connell Street - click here for rates
Wilson Park 31 Bond Street - click here for rates