New legislation will prevent some clients from claiming interest and other holding costs from 1 July 2019 for property that they own. While the rules are aimed at specific problem areas, they are complex and will be difficult to navigate for many clients.
With these rules targeting 'Mum & Dad' property developments, it will be essential for every practice to be able to identify affected clients and apply these complex new rules.
This webinar works through the new rules to help you identify clients who could be caught and the process that needs to be followed to determine the tax impact. We also walk through the last-minute amendments that try to limit the scope of the rules and look at the situations where problems might still exist.
The new rules limiting vacant land deductions are complex. This practical webinar walks through the process for identifying what clients are impacted and the process to determine the tax impact:
Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Easton Investments’ national tax advisory committee. He has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy.
Michael 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.
*The office rate applies per office location (maximum 10 participants per office location). The PD points for all attendees will be recognised.
Terms & Conditions
All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are available for webinar recordings once the Knowledge Shop IQ platform has been accessed. Refunds are only possible if the webinar recording has not been accessed.