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  Capital Gains Tax (CGT) Property Income tax

Income tax for property development

Source: Western Australia

Published Date: 18 Sep 2014

 

This presentation covers:

  • the distinction between the sale of land on capital account and the sale of land on revenue account discussing:
    • the Full Federal Court decision in August & Anor v FC of T [2013] ATC 20-406
    • The High Court decision in FCT v Myer Emporium Ltd (1987) 163 CLR 199
  • the treatment of land as trading stock and the application of CGT event K4
  • some lesser known concessions which can extend the CGT main residence exemption.

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Author(s)

Individual Session

Income tax for property development

Author(s): Tim Poli
Materials from this session:

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Details

  • Published By: Tim Poli
  • Published On:18 Sep 2014
  • Took place at:City West Receptions, WA

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Capital Gains Tax (CGT) Property Income tax 2014

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