2010 Seminar Series

Presented by Roger Timms, our 2010 Seminar Series addressed topical and timely tax issues, including:

GST and Property Transactions

Melbourne Tuesday 9 November 2010
Melbourne Tuesday 23 November 2010 (2nd session)
Sydney Thursday 11 November 2010
Brisbane Tuesday 16 November 2010

• When will the sale of land constitute an enterprise?
• What constitutes ‘real property'?
• What are ‘new residential premises' for GST purposes?
• What are the implications of new residential premises acquired for resale instead becoming rental properties?
• When are premises ‘commercial residential' and how are they treated for GST purposes?
• What are the consequences of undertaking a subdivision of land?
• The GST implications of a change of purpose whilst owning real property
• The GST treatment of ‘off plan' sales
• The operation of the margin scheme
• When would GST exemptions for going concern and sale of farmland be available?
• The GST treatment of leases
• The GST consequences of construction work
• Anti-avoidance rules

REGISTER HERE

Taxing Property Transactions - Perth (Completed)

Comprehensive notes detailing all the information covered in the seminar, including the PowerPoint presentation, are available in our online shop.

Perth Monday 25th October 2010

• If I subdivide and sell land as a "one-off" transaction will the CGT provisions apply?
• When is a taxpayer carrying on a business of property development and what are the tax implications?
• How is land held as trading stock valued?
• When will the disposal of real property constitute a "profit making transaction" taxed on revenue account?
• How does the tax law deal with a change of intention from passive investment to a profit making venture?
• Are the small business CGT concessions available in respect of land and buildings used in activities such as the letting of holiday units and the operation of self storage facilities?
• Is interest incurred in connection with the construction of an investment property a capital or revenue outgoing?
• What deductions may be available in respect of a property generating rental income?
• The main residence exemption - is it as simple as it appears?

REGISTER HERE

CGT - The Essentials (Completed)

Comprehensive notes detailing all the information covered in the seminar, including the PowerPoint presentation, are available in our online shop.

Melbourne Tuesday 7 September 2010
Sydney Thursday 2 September 2010
Brisbane Thursday 9 September 2010

• CGT implications when assets are removed from a company or trust, including vesting and liquidation
• CGT rollovers including transfers from individuals, partnerships and trusts to companies, marriage breakdown and exchanges of shares
• Partnerships: the implications upon formation, changes to composition and dissolution
• Small Business CGT concessions - demystify the operation of these valuable concessions with practical guidance and examples
• When will pre-CGT status of an asset be lost and the implications?
• International: becoming a resident, a temporary resident or ceasing to be a resident
• Death and CGT
  

Trusts (Completed)

Comprehensive notes detailing all the information covered in the seminar, including the PowerPoint presentation, are available in our online shop.

Melbourne Tuesday 13 July 2010
Melbourne Thursday 22 July 2010 (2nd session @ Taxpayers Australia)
Melbourne Friday 30 July 2010 (3rd session @ Taxpayers Australia)
Sydney Thursday 15 July 2010
Baulkham Hills Wednesday 28 July (2nd Sydney session)
Brisbane Tuesday 20 July 2010

• How are trust distributions affected by the High Court decision in Bamford?
• Is the Commissioner trying to limit the application of the Bamford principles in his Decision Impact Statement?
• How should a trust distribution resolution now be framed?
• Is the ability to "stream" income now lost as a result of the Commissioner's Bamford response?
• Urgent! Trust distributions for the 2010 year - what are the implications if I distribute to a corporate beneficiary following the issue of TR 2010/3?
• Does TR 2010/3 have retrospective effect?
• Should I now restructure from a trust to, say, a company?
• A round up of other key issues including distributing capital gains, trust losses,testamentary trusts and family trust elections

Fringe Benefits Tax (completed)

Comprehensive notes detailing all the information covered in the seminar, including the PowerPoint presentation, are available in our online shop.

Melbourne Tuesday 23 February 2010
Sydney Thursday 18 February 2010
Brisbane Tuesday 16 February 2010

What you need to "get it right" in your 2010 return!

• FBT overview
• Identifying fringe benefits and calculating the taxable value
• FBT exemptions and concessions, for example shared and pooled vehicles
• Reportable fringe benefits, what are they and the basis of calculation?
• Documentation

Changes during 2009-10

• Amending legislation, including:
  • foreign income exemption changes to section 23AG ITAA36 which affect FBT liabilities, and
  • Tax Agent Services Act 2009 including agent responsibilities
• Newly released cases, rulings, determinations and interpretive decisions

Where is the current Tax Office compliance focus?

• 2009-10 Tax Office specific compliance issues
• Update of Tax Office audit/compliance activities

Living-away-from-home vs travelling for employment purposes

• How to determine living away from home vs travelling for business
• What are the consequences for the employer and employee in either scenarios?
• Recent Tax Office guidance in respect of living away from home allowances

What documentation must the employer maintain?

• Record keeping requirements
• What documentation the employer must obtain from the employee?
• What records are lodged with the FBT return?

Salary packaging update

• Is salary packaging still beneficial?
• Which items are best to salary package
• What is the employee contribution method?

Superannuation (completed)

Comprehensive notes detailing all the information covered in the seminar, including the PowerPoint presentation, are available in our online shop.

Melbourne Thursday 29 April 2010
Melbourne Thursday 27 May 2010(2nd Melbourne session)
Sydney Tuesday 20 April 2010
Baulkham Hills Friday 30 April (2nd Sydney session)
Brisbane Thursday 22 April 2010

• Types of superannuation funds
• Types of contributions
• Taxation of contributions
• Taxation of investment earnings
• Taxation of benefits
• Retirement income streams
• Restrictions on investments made by superannuation funds
• Borrowing by superannuation funds
• Small business CGT concessions
• Tax Office guidance for SMSFs
• Summary of recent developments
• Impact of the Henry Review recommendations on the existing Superannuation tax arrangements