This property intensive provided insights into the current considerations for advisers specifically dealing with:
- how the capital/revenue distinction applies to property developments, not always producing outcomes that you may expect
- recent developments around Victorian State taxation
- specific consideration of the developing area of hotels, serviced apartments and student accommodation
- the ATO's approach to the application of the recent foreign investment rules
- review of the recent changes to the SMSF rules as they affect property investment, including a review of the opportunities arising
- developments around the application of goods and services tax to property transactions, particularly serviced apartments.