ntaa tax · an 'a to z' guide on tax and property developers tax-effective structuring...
Post on 06-Jul-2020
0 Views
Preview:
TRANSCRIPT
'
National Tax & Accountants' Association Ltd.29-33 Palmerston CrescentSouth Melbourne, Vic. 3205Tel: (03) 9209 9999Fax: (03) 9686 4744Web: www.ntaa.com.auEmail: ntaainfo@ntaa.com.auABN: 76 057 551 854
Seminar
CPD/CPE HoursThe seminar allows for 6.5 CPD/CPE hours.
Vegetarian MealsVegetarian meals are available as an option at no extra cost.If you prefer a vegetarian meal, simply tick the box under the delegate name on the registration form.
About the PresentersRiley Jones
Riley is a Tax and Commercial Lawyer and has worked in taxation and business law for over 12 years.
Riley is a talented researcher, tax writer and presenter of a range of the NTAA’s well attended and excellent tax based seminars. He is also the regular host on the NTAA’s monthly Tax on the Couch series.
Rod WilsonRod has a Bachelor of Business (Accounting) degree. He has over 20 years experience in the field of tax, initially with the Australian Taxation Office and the last ten years with the NTAA. He has extensive practical knowledge in the areas of FBT, CGT and GST as well as other tax reform measures.
Cancellations or TransfersIt's necessary to charge a fee when confirmed* bookings (see below) are cancelled. However, a substitute participant will be accepted. If a substitute is not nominated, a cancellation fee of $99 will be applied.CancellationsMore than 5 full working days before the seminar: cancellations incur a $99 administration fee.Within 5 working days of the seminar: no refunds will be available for cancellations, although a
full set of notes will be provided.TransfersMore than 2 full working days before the seminar: a credit for the amount charged may be transferred
to any other NTAA seminar without incurring the $99 administration fee.
Within 2 working days: transfers incur a $99 administration fee.The NTAA reserves the right to cancel or reschedule courses, change speakers or revise content as necessary.
*Confirmation of BookingBookings will be confirmed by email, fax or mail – please include your fax number or email address for a speedy reply. Please Note(*): You must ensure that you receive written confirmation of your booking, otherwise you may not be booked into the seminar and may have to provide credit card details at registration. If you do not receive written confirmation within 72 hours of submitting your order, contact us.
Presented by
Riley Jones & Rod Wilson
on behalf of the National Tax & Accountants' Association Ltd.
Topics includeWhat’s NEW with Property in 2016
An 'A to Z' Guide on Tax and Property Developers
Tax-Effective Structuring for Property Developers
The Essential Guide to GST and Property
CGT Planning with the Family Home to Literally Save $'000s
ATO Audit Assault on Rental Properties
Using SMSFs in Property Development
Duty and Land Tax Guide for all the Major Land Transactions for each State
üüüü
üü
üüüü
PropertyTax&
2016
üü
Special offer to Non-MembersPlease call and discuss the $100 (approx.) per day seminar discounts which are available to members of the NTAA for a low annual fee of only $295, which includes a 12 month subscription to the monthly newsletter Voice, 3 FREE 10 minute telephone calls to our tax team plus discounts on most NTAA products.
NTA
A
üü
Noise & Recording PolicyAttendees should be aware that in agreeing to attend the seminar, they must abide by the NTAA Noise Policy which specifically prohibits noise distraction to attendees and presenters, such as mobile phone use during the seminar, etc.
The NTAA reserves all rights to photograph, film or otherwise record the seminar, and seminar attendees consent to being photographed, filmed and/or recorded.
Any unauthorised photography, audio or video recording of the seminar is strictly prohibited. Any person who fails to adhere to this condition agrees to delete any such unauthorised photograph or recording and that they may be asked to leave the seminar venue.
üü
Planning
Tax & Property Seminar 2016 The Essential Guide to
GST and Property Key GST issues affecting property developers – A must for all practitioners!r How to identify when premises are ‘new residential
premises' – Avoid costly mistakes!r What is the hidden trap with the ‘5-year rule’? r GST sting for developers required to repay ITCs
claimed during a development Identifying when GST applies to isolated property transactions – Don't get caught out!r When is a one-off transaction an enterprise?r Can the margin scheme still be applied to the sale? r Can taxpayers register for GST retrospectively to
claim ITCs?Tips and traps when applying the margin scheme r Calculating the ‘margin’ can be more complex than
it looks – NTAA guide helps you avoid costly traps r Can the margin scheme apply to subdivided land?r Which costs are excluded from the calculation? NTAA practical guide to avoiding unexpected GST bills with a property development r Major danger for property acquired under the going
concern exemption – Buyers beware! r How to avoid GST-based contractual disputes
CGT Planning with the Family Home to Literally Save $'000s
Legally maximise access to key concessions under the main residence exemption ('MRE') r Maximise access to the 'temporary absence'
exemption and save $'000s r Maximising the MRE while building or renovating a
property under the 4-year construction rule Planning opportunities with the MRE – save $'000sr NTAA guide on how to avoid a CGT liability for
granny flats in the backyardr Identifying when interest, repairs and upkeep costs
can all form part of the cost baser How to make a tax-free capital gain on a rental propertyr NTAA guide to the market value rule – It's more
complex than it looks!
NEW
Checklist
Tax-Effective Structuring for Property Developers
NTAA practical guide to the do's and don'ts when tax structuring for property developersr Is there a preferred structure for undertaking
property developments?r NTAA checklist compares the pros and cons of
each structure r Tax traps and tips associated with transferring land
to a new entityr Applying roll-over relief to partition land without
triggering a capital gainUsing Joint Ventures ('JVs') in property developmentr When should JVs be used as a structure for a
development?r NTAA guide to the do's and don'ts with JVs in
undertaking a developmentr Important clauses that should be included in the JV
development agreement!
An 'A to Z' Guide on Tax and Property Developers
Making the right distinction between a developer and an investorr ATO now targeting trusts incorrectly characterising
developments as being on capital account! r Can a property purchased with a profit-making
intention still be sold on capital account?r Checklist of factors to determine if a development
is a ‘mere realisation’ or on revenue accountKey tax issues for property developmentsr When is vacant land treated as trading stock?r Which costs can be claimed outright when incurred?r What methods are acceptable when apportioning
development costs across subdivided lots? Boutique issues faced by property developers r What happens when passively held land is entered
into a property development business? r How is a forfeited deposit treated? r Tax consequences of a developer keeping a unitr Tax traps and tips for vendor-financed sales
NEW
NEW
Checklist
Tax Tip
Checklist
Planning
Planning
Checklist
Case Study
NEW
Planning
Checklist
We remove the CGT, GST and income tax complexity with many property transactions, and provide clear, practical and tax-effective solutions for your clients.
What’s NEW with Property in 2016ATO announces audit assault on common property transactionsr RECENT cases highlight traps with classifying
property transactions on revenue/capital accountr Courts provide clear guidance for developments
that are abandoned – Don't get it wrong!r ATO confirms expenses that can be claimed before
the development commencesATO puts holiday homes under the audit microscope r ATO set to target holiday homes in resort locations r ATO attacks holiday homes that are not genuinely
'available' for rentr NTAA guide to apportioning expense claims (e.g.,
interest) for holiday homes – It's not that simple!ATO releases NEW guidelines for body corporates and strata title ownersr When can strata title owners claim deductions in
respect of the common property?r Will fees paid by strata title owners to the body
corporate be deductible? RECENT case creates GST doubt for residential premises used in businessr Can input tax credits be claimed where a business
is run from residential premises? r Does this decision 'kill off' GST claims for all
residential premises used in business?NEW withholding rules target property purchases r When will Australian buyers be obliged to withhold? r What type of property is excluded from the rules? r Major tax problems for residents who fail to withholdMajor WIN for property developers who rent out units!r NEW ATO guidelines on when the developer is
entitled to claim the Division 43 building write-offr Dangers where property is still held for a dual purposeRECENT case highlights trap with the main residence exemption for newly constructed dwellings r Danger when applying the 4-year construction rule!r What factors will demonstrate that a taxpayer has
made a dwelling their main residence? GST danger with the purchase of leased premises r Recent case leaves purchaser with a surprise GST
bill as a little-known provision is activated
ATO Audit Assault on Rental Properties ATO targets the incorrect treatment of purchase costs r Identifying the correct tax treatment of the common
costs of purchasing a rental propertyr How are costs such as stamp duty, borrowing, legal
fees, travel, building inspections, etc., treated?How to avoid the hidden tax traps when financing a rental property – Up-front mistakes will be costly!r Recent decision highlights the dangers for interest
claims where a loan is in the wrong namer How to maximise interest deductions for ‘mixed
purpose’ loans r When can interest be capitalised safely?Comprehensive NTAA guide to correctly claiming deductions for a rental property r NTAA checklist highlights all the major deductions
that can be claimed for a rental property r NEW ATO guidelines for claims in relation to
apartments, units, flats, etc.r Special rules allow landlords to ‘fast track’
depreciation deductions – Don't miss out!Common tips and traps when selling a rental propertyr Traps to avoid when calculating the capital gainr When can interest on a loan ‘shortfall’ be claimed?
Common Tax Issues with Commercial Properties
NTAA practical guide to entering into a lease agreement r When are lease preparation costs deductible? r How is a lease premium treated in the hands of
both the lessee and the lessor?r Will incentive payments be assessable to a lessee? r Can the CGT small business concessions apply to
a capital gain made on granting a lease? Tax treatment of leasehold improvements simplified r What qualifies as a leasehold improvement and at
what rate can a lessee claim a write-off? r Can a deduction be claimed when the lease ends? Common tax issues when a lease comes to an endr How to correctly deal with surrender paymentsr What if the lessee keeps making payments after the
business has ceased?
Checklist
Tax Tip
Tax Tip
Checklist
Tax Tip
Planning
Planning
Planning
Planning
Case Study
Using SMSFs in Property Development
Understanding the fundamentals of SMSFs and property ownership r NTAA guide to the do's and don'ts of SMSFs
holding property as part of wealth creation r A 'hands on' guide to the income tax, CGT and GST
issues for property in an SMSFr Tips and traps associated with selling or transferring
business premises into an SMSFATO crackdown on SMSFs owning property – Don't be caught out!r Dangers with holding property in a related unit trust
– Mistakes will be costly!r Tips and traps associated with using property to
support a pension r A guide for SMSFs borrowing to buy propertyr Issues with property held through a related
company or trustCutting edge planning strategies with holding property in an SMSFr Maximise access to the pension asset exemption
with property and literally save $'000sr Incorporate an SMSF into a business structure to
achieve asset protection and massive tax savingsr Use related party lenders and maximise access to
negative gearingPractical issues for SMSFs investing in property r What property can be transferred as a contribution? r When can property be leased to a related party? r How to structure a property investment involving
multiple related and unrelated parties
Duty and Land Tax Guide for all the Major Land Transactions
A guide providing a State-by-State overview of stamp duty and land tax issues
Tips for both developers and investors in each State Identifying the traps when investing through trusts Common structuring techniques to reduce land tax
and stamp duty imposts Land transfers between spouses and the stamp
duty concessions
Register online at www.ntaa.com.au
Tax & Property 2016Dates and Venues
Venue & date
Sydney Doltone House, Jones Bay Wharf, Piers 19-21 Level 3, 26-32 Pirrama Road, Pyrmont22 April 2016 (Fri) _____________
Rosehill Rosehill Racecourse, James Ruse Drive, Rosehill28 April 2016 (Thur) _____________
Melbourne Leonda by the Yarra, 2 Wallen Road, Hawthorn05 April 2016 (Tues) _____________
19 April 2016 (Tues) _____________
02 May 2016 (Mon) _____________
BrisbaneHilton Brisbane, 190 Elizabeth Street, Brisbane12 April 2016 (Tues) _____________
Gold Coast Jupiters Hotel & Casino, Broadbeach Island, Broadbeach22 March 2016 (Tues) _____________
Perth Perth Convention & Exhibition Centre, 21 Mounts Bay Road, Perth31 March 2016 (Thur) _____________
Adelaide Hilton Adelaide, 233 Victoria Square, Adelaide15 April 2016 (Fri) _____________
Canberra Hyatt Hotel Canberra, Commonwealth Avenue, Yarralumla18 March 2016 (Fri) _____________
P means: FREE PARKING at venue
P
P Limited spaces
P
SOLD OUTSOLD OUT
TAX & PROPERTY SEMINAR 2016
COST AND REGISTRATIONRegistration: Between 8.00am and 9.00am
Duration: 9.00am to 5.00pm
Cost: incl. comprehensive notes, tea and coffee on arrival, lunch, morning and afternoon tea
Members of the NTAA One delegate $539 per day (i.e., $490.00 net of GST)
Group discountIf more than one delegate attends under the one registration, a discount will apply to the second and subsequent delegates. The first delegate pays the full registration fee. First delegate $539 per day (i.e., $490.00 net of GST) Each additional delegate $495 per day (i.e., $450.00 net of GST)
Non-Members of the NTAA
One delegate* $639 per day (i.e., $580.91 net of GST)
Group discountIf more than one delegate attends under the one registration, a discount will apply to the second and subsequent delegates. The first delegate pays the full registration fee. First delegate* $639 per day (i.e., $580.91 net of GST) Each additional attendee* $595 per day (i.e., $540.91 net of GST)
Note(*): Registration includes 3 months full membership
Register online at www.ntaa.com.au
If m
ailin
g –
plea
se te
ar o
ff, c
ompl
ete
and
mai
l to
the
NTA
A
Tax & Property 2016Dates and Venues
Venue & date
Sydney Doltone House, Jones Bay Wharf, Piers 19-21 Level 3, 26-32 Pirrama Road, Pyrmont22 April 2016 (Fri) _____________
Rosehill Rosehill Racecourse, James Ruse Drive, Rosehill28 April 2016 (Thur) _____________
Melbourne Leonda by the Yarra, 2 Wallen Road, Hawthorn05 April 2016 (Tues) _____________
19 April 2016 (Tues) _____________
02 May 2016 (Mon) _____________
BrisbaneHilton Brisbane, 190 Elizabeth Street, Brisbane12 April 2016 (Tues) _____________
Gold Coast Jupiters Hotel & Casino, Broadbeach Island, Broadbeach22 March 2016 (Tues) _____________
Perth Perth Convention & Exhibition Centre, 21 Mounts Bay Road, Perth31 March 2016 (Thur) _____________
Adelaide Hilton Adelaide, 233 Victoria Square, Adelaide15 April 2016 (Fri) _____________
Canberra Hyatt Hotel Canberra, Commonwealth Avenue, Yarralumla18 March 2016 (Fri) _____________
Register
online at
www.ntaa.com.au
Tax & Property 2016– REGISTRATION FORM –
This document will be a tax invoice for GST when fully completed and you make payment to the National Tax & Accountants’
Association Ltd. NTAA’s ABN: 76 057 551 854
NTAA Membership No. ________________________
Firm __________________________________
Address __________________________________
__________________________________
State ____________ Postcode _________
Telephone No. ( ) ___________________________
Facsimile No. ( ) ___________________________
Delegate 1 __________________________________
Email __________________________________Date of attendance ____________________________Please tick to have a vegetarian meal _____________
Delegate 2 __________________________________
Email __________________________________Date of attendance ____________________________Please tick to have a vegetarian meal _____________(Please print first name and last name)Note: Please photocopy where more than two delegates.
No. of seminar attendees __________
Total (incl. GST) $ __________ Send cheque or provide credit card details
Mastercard Visa Amex
Card No. ________________________________
Expiry Date ________________________________
Name on Card ________________________________
Signature ________________________________
Please retain this original document as your tax invoiceV04
Please refer to www.ntaa.com.au for our privacy policy & collection notice.
Post to: NTAA 29 Palmerston Cres
Sth MelbourneVIC 3205
Fax credit card
details to: NTAA on
1300 306 351
If you haveany other queries
please call(03) 9209-9999
If faxing – please complete, photocopy and fax to 1300 306 351. If paying by cheque please do not fax, no registrations are accepted without full payment.
P
P means: FREE PARKING at venue
P Limited spaces
P
SOLD OUTSOLD OUT
top related