Property Taxation and Advisory Conference 2019 - Recorded in October 2019
Issues coverend include:Victorian property markets, land tax objection, subdividing & partitioning land, residential property development lifecycle, succession planning, CGT and main residence exemption, foreign investors
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: Simon Aitken, Partner, RSM Australia
SHORTCUTS TO UNDERSTANDING THE VICTORIAN PROPERTY MARKET
9.00am to 9.50am: A Roadmap to the Victorian Property Market and Tips on Land Tax Objection
- The Victorian residential and commercial property markets
- A look at the land tax objection process
- What is the success rate in objecting to land tax valuation and how to achieve the desired outcome?
Presented by Craig Veljkovic, Director, Herron Todd White; Certified Practising Valuer
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 Andrew Henshaw and Rajan Verma, Directors, Velocity Legal
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? And 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 John Haig, GST Specialist, John Haig Pty Ltd
AVOIDING SUCCESSION AND FAMILY LAW DISASTERS
12.05pm to 1.00pm: Succession Planning: Identifying and Explaining the Key Issues for Your Property Clients
Property issues feature heavily in your client’s estate planning. There is often the desire to gift particular properties to beneficiaries, or an intention to ensure properties are either retained for as long as possible or sold within a particular timeframe. Explore the key issues to ensure the intended provision is made, without triggering unwanted tax or duty implications, including consideration of:
- How the ownership of the property impacts the ability to gift it to the intended beneficiary and why is this important to your clients
- Practical tips on achieving objectives if property is owned in a family trust or an SMSF
- What if the value of the property exceeds the intended provision for the chosen beneficiary?
- What to do with the principal residence?
- How to deal with property located overseas?
Presented by Krista Fitzgerald, Practice Leader, Moores; Recommended Wills, Estates & Succession Planning Lawyer, Doyle’s Guide 2018
1.00pm to 1.45pm Networking Lunch
1.45pm to 2.40pm: From a Family Lawyer’s Perspective: A Guide Map for Property Advisers
- Your role as a trusted adviser
- Overview of the Family Courts’ approach to property division
- The most common ‘asset pool’ issues in relation to real property
- Issues of control, in particular of trusts
- Valuation issues
- How to unlock jointly held interests/liquidity issues
- Embedded tax, including CGT and Division 7A
- Asset protection: financial agreements and other planning ideas you need to keep in mind when you assist your clients
- Super splitting: taking it as a financial opportunity
- Contributions and the ability to trace them; issues you should address to your clients
Presented by Gillian Coote, Principal, Coote Family Lawyers; Accredited Family Law Specialist; Preeminent Family & Divorce Lawyer, Doyle’s Guide 2019
SKILLS, TOOLS & INFO FOR ADVISING YOUR RESIDENT AND NON-RESIDENT CLIENTS
2.40pm to 3.35pm: Taking Advantage of CGT and Main Residence Exemption: Maximising the Opportunity
- Clarifying the general concepts of the CGT main residence exemption
- Key considerations when changing main residences
- Watch-outs when subdividing, demolishing and rebuilding property
- How should you advise your client if they become a non-resident?
- Consequences of producing income from property, including through the sharing economy
- Opportunities and issues arising with respect to deceased estates
Presented by Jacci Mandersloot, Director, MC Tax Advisors
3.35pm to 3.50pm Afternoon Tea
3.50pm to 4.45pm: Precisely How to Advise Foreign Investors in a Changing Tax Landscape
Foreign investors in the Australian real estate market must deal with a complex tax and regulatory environment. Examine the unique tax issues that these investors face when funding, acquiring, holding or selling Australian real property, by outlining the following issues through the lens of two practical case studies:
- When and how to obtain FIRB approval
- Tips and traps associated with funding acquisitions via debt
- Key stamp duty and land tax issues you need to advise your foreign clients
- CGT issues on disposal that your clients need to understand
- Practical considerations regarding the taxation and extraction of profits
Presented by Simon Dorevitch, Manager, A&A Tax Legal Consulting; Chartered Tax Adviser
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
Rendezvous Hotel Melbourne
Level 1, 328 Flinders St
Melbourne 3000
VIC
Australia