Property Taxes for All Lawyers
Issues covered include: Landholder Duty, Transfer Duty, Land Tax, Foreign Acquirers, GST, Tax Structures for Holding Property
Description
With significant recent changes to WA’s property tax regime, 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 points in Competency Area 4: Substantive Law
Chair: James Galati, Senior Associate, Deloitte Legal
9.00am to 9.05am: Opening Comments by the Chair
9.05am to 9.50am: Landholder Duty, Transfer Duty and Land Tax: Updates and Best Practices
- 2019 State Budget changes: examine the key changes and issues you need to have on your radar and best practices for dealing with them
- Duty valuations and assessments: updates, guidance and managing the process with the WA Office of State Revenue
- The latest in transfer duty and tips for addressing these issues
Presented by Tim Poli, Director, Kings Park Legal
9.50am to 10.35am: Property Taxes for Foreign Acquirers and Investments
- Select issues facing foreign acquirers/sellers of real property in Australia following recent High Court and Federal Court decisions
- Duty and land tax considerations involving foreign acquirers and investments
- Foreign resident capital gains tax withholding
Presented by Tim Poli, Director, Kings Park Legal
10.35am to 10.50am: Morning Tea
10.50am to 11.35am: GST and Property Transactions
- ATO audit activities in the property space
- The proliferation of data and the ATO’s approach
- Attacking Phoenix activities: update/status of proposed measures
- GST Margin Scheme: opportunities and pitfalls
- Capital vs revenue conundrum
- Change of use GST input tax credit adjustments
Presented by Shagun Thakur, Director, PwC
11.35am to 12.20pm: 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 Gabrielle Bourke, Tax and Commercial Lawyer, Zafra Legal
12.20pm to 1.05pm: Property Tax Case Update: the Practical Takeaways You Need to Know
Explore the most critical and interesting recent decisions dealing with duty, land tax and GST in property transactions that will impact your clients or your practice. Analyse the key facts and circumstances in each case, consider how the cases resolved, and gain insights into the practical takeaways you need to know.
Presented by Elspeth Hensler, Barrister, Francis Burt Chambers; Recommended Commercial Litigation & Dispute Resolution Junior Counsel, Doyle’s Guide 2018
1.05pm to 1.15pm: Final Q&A and Closing Comments by the Chair
Venue
Mercure Perth
Level 1, 10 Irwin St
Perth 6000
WA
Australia