A significant proportion of our work involves assisting our clients with the complex tax issues arising from purchase, ownership and disposal of land, including:

1. Income tax on gains from the sale of land: evidence as to purpose of acquisition and/or resale; dealers, developers and builders; associated persons; subdivisions; work of a minor nature; rezoning; analysis and recommendation of various ownership structures
2. GST on commercial, domestic and combined activities: including property developers, long and short term accommodation - sale and purchase, leases, licenses to occupy, change in use adjustments, apartments owned by a body corporate, sale of land used for residential or commercial rental income
3. GST input tax credits: on purchase from an associated or unregistered vendor; reversing incorrect GST deregistration
4. Restructuring ownership of rental and other properties
5. Income tax and GST on sale of “transfer development rights”
6. Deductibility of repairs and maintenance vs capital improvements to buildings
7. Criteria of a going concern: including resolving disputes over zero rating
8. Structuring purchase of overseas real estate: including liaison with overseas lawyers and accountants
9. Goodwill on sale and purchase of leases