Fletch Heinemann is one of the partners in Cooper Grace Ward’s tax team. He specialises in tax disputes and litigation. Fletch’s technical specialisations include income tax, GST, payroll tax and customs duties. In managing clients’ tax and customs disputes, Fletch helps with the audit stages, ATO interviews, notices of objection, appeals in the AAT, QCAT, Federal Court and Supreme Court. Fletch draws on this experience to provide upfront practical tax advice across a range of commercial issues.
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Recorded Webinars
Recorded Webinar: Capital versus Income: Finally, Some ATO Guidance on Property Development Cases
The capital revenue distinction is a perennial issue for tax advisers to consider, with the outcome heavily dependent on particular fact patterns. With comprehensive new guidance recently released from the ATO on its position in property developer cases, it has never been more im
PRESENTED BY
Fletch Heinemann
Partner -
Cooper Grace Ward Lawyers
, Brisbane
Date/Time
About the Webinar
The capital revenue distinction is a perennial issue for tax advisers to consider, with the outcome heavily dependent on particular fact patterns. With comprehensive new guidance recently released from the ATO on its position in property developer cases, it has never been more important to be across the details. Issues discussed include:
- Examining the ATO’s Draft Property and Construction Website Guidance
- At what point does development go beyond mere realisation?
- What happens when it does?
- CGT event
- trading stock?
- implications of trading stock
- Dealing with the CGT problem if there is one:
- pre-CGT asset? Are you sure? Has it accidentally lost its status?
- can the gain be deferred?
- what potential small business CGT concessions interactions will arise?
- The GST aspects of capital versus revenue – what is the impact on the question of enterprise if a development is revenue in character?
- What happens from GST perspective if land is trading stock and then becomes on capital account?
- Case study 1: The accidental property investor – when do mum and dad investors move from capital to revenue account?
- Case study 2: Rural land added to the urban growth zone and entering into development agreements – what is the impact for the farmer?
Presented By
Fletch Heinemann
Partner, Cooper Grace Ward Lawyers Brisbane, QLDWho Should Attend?
This webinar is suitable for accountants and lawyers advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.
Enquiries/Assistance
If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]