Description

This highly-practical webinar examines tax issues relating to dealers, developers and builders.

Key issues include what constitutes a business of dealing in land, developing or dividing land into lots and erecting buildings, when does a land related business start and end, when will land be “tainted by association” with a dealer, developer or builder, how to limit “tainting by association”, and when the residential exclusion and business premises exclusion apply.

Case studies will be used to illustrate the application of these issues, including what mistakes to avoid when advising on structures for dealers, developers and builders.

ORIGINAL BROADCAST DATE

26 October 2023

LEARNING OUTCOMES

You will:

• Know what constitutes a business of dealing in land, developing or dividing land into lots and erecting buildings.
• Understand when a business carried on by a “dealer”, “developer” and “builder” starts and when it ends.
• Know when land will be “tainted by association” with a “dealer”, “developer” or “builder”.
• Learn what types of structures can be used to limit “tainting by association” with a “dealer”, “developer” and “builder”.
• Understand when the residential exclusion and business premises exclusion will apply to “dealers”, “developers” and “builders”, and associated persons.
• Know what mistakes to avoid when advising on structures for “dealers”, “developers” and “builders”.

SUITED TO

Accountants of all levels, tax lawyers, property lawyers and others who advise dealers, developers and builders.

PRESENTER

Stephen Tomlinson, Principal, Tomlinson Law.