Topics covered in this presentation include:
- developer versus operator
- new villages and receipt of initial funds from residents
- capital versus revenue distinction - resident contracts
- lease premium versus resident loan
- deferred management fees, share of capital gain/(loss)
- sinking fund and capital replacement fund issues - trust funds
- tax planning and structure issues
- sale of villages - capital gain or revenue
- resident liabilities
- transitional issues TR 2002/14 versus TR 94/24.