Taxation of Property Transactions - ATAX0455

Property transactions are one of the most common and significant dealings within most tax bases. This course examines all income tax, CGT, GST, land tax and stamp duty consequences of acquiring, holding, developing, building on, leasing, disposing of or otherwise dealing with land and buildings, including investment options such as property trusts and their structuring. Income tax considerations dealt with include property sale or development, financing, income recognition, rent, home offices, lease incentives and deductions. CGT, GST, land tax and stamp duty as applied to freehold, leasehold, residential and commercial property are considered, including their many special rules and concessions.

ATAX0311/0411 Taxation of Capital Gains
ATAX0323/0423 Principles of GST Law
Or Equivalent

At one level, a significant course aim is the development of specialist technical knowledge in the area of taxation of property transactions.

However, on a wider level, it seeks to develop the ability to apply tax law in practice, through concentrating not so much on abstract learning of legislative provisions in a void, but rather on learning the law in the context of its application to real world factual circumstances and transactions.

Students will also develop an appreciation of the bringing together of the application of various tax laws to a single situation and how all of the potential tax consequences always need to be examined.

Flexible Learning