Property Subdivision Web Series
How to advise on the tax and GST treatment of subdivision projects
Navigating the revenue / capital distinction
Reduce the risk of an ATO challenge
Managing the tax consequences in practice
A Live Instructor-Led 2-Part Web Series
As the urban sprawl continues in most major Australian cities, practitioners are often asked to advise on the tax treatment of subdivision projects. Before clients jump in and commit to anything, it is important to understand the tax liabilities that might arise from these projects.
Unfortunately, many clients make incorrect assumptions about the way their project will be taxed, often believing that any tax exposure will be minimal. However, the reality is that there are a number of important tax issues that need to be considered and that could have a significant impact on the overall profitability of the project.
The Property Subdivision Web Series delivers the knowledge you need to work with and advise clients initiating subdivision projects.
Register Me
AU $330 members
AU $395 non-members
Register Team*
AU $870 members
AU $985 non-members
Knowledge Shop members, register through the portal for the discounted rate.
Details
Recorded: 17 & 24 August 2023
FAAA accredited for a total of 2.75 CPD hours (31216 & 31217)
- 2.75 Tax (financial) advice
Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.
*Office Registrations. Maximum 15 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.
"The whole web series is very practical and easy to understand. Thank you."
“Good examples to assist with understanding of complex matters were appreciated.”
2023 webinar participants
What we cover
The Property Subdivision Web Series walks you through the tax and GST implications of subdivision projects - essential training for any client-facing accountant.
What's included?
- 2 x 1.25 hour (est.) webinars
- 3 month access to Q&A embedded webinar recording
- Reference notes
Session 1
Session 1 of the series focuses on income tax and CGT issues including:
- Why the revenue / capital distinction matters so much
- The practical factors that need to be taken into account to reduce the risk of ATO challenge
- The unexpected outcomes that can arise from partitioning arrangements
- How to calculate the capital gain or loss from the project or figure out the profit that should be taxed on revenue account
- Switching from capital to revenue account
- When the main residence exemption can and cannot be applied
Session 2
In the second part of the series we take a closer look at the key GST issues that need to be considered including:
- How to determine whether a client needs to register for GST
- Dealing with the GST treatment of mixed supplies
- Claiming GST credits and the GST adjustment rules
- When the margin scheme can be applied and how to calculate the GST liability
- How to determine whether the GST withholding rules apply and the impact on both parties
Our presenter
Michael Carruthers
Michael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.
Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry. He is a member of the advisory panel for the Board of Taxation and is a member of the reference group for the Board’s review of small business concessions.
He was also an expert panel member for the Board’s review of tax impediments facing small business.