2006

Tax Issues Surrounding Retirement Village Investment

Source: New South Wales

Published Date: 27 Jul 2006

 
The retirement village industry is experiencing both growth and consolidation. Many builders are looking to retirement villages as alternative investment opportunities, while some major players are taking the opportunity to consolidate existing villages.

An industry like no other, its participants find themselves subject to a web of complex agreements, ATO pronouncements and transitional rules, that provide both internal and external tax specialists with headaches and sleepless nights.

These materials will help you gain an understanding of the complex tax rules, regulations and the ATO accepted practices, and be made aware of future challenges and how they may impact on your, or your client's business. Issues considered include:
- types, treatment and the ATO's views on resident contracts
- treatment of deferred management fees
- capital v revenue distinction and the importance of the characterisation
- transitional issues TR 2002/14 versus TR 94/24.

Legal structuring of retirement villages

Author(s): David Mcelhone

GST issues surrounding retirement village investment

Author(s): Ken Fehily CTA

Details

  • Published On:27 Jul 2006
  • Took place at:Tattersalls Club, Sydney

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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