A significant proportion of our work involves assisting our clients with the complex tax issues arising from purchase, ownership and disposal of land, including:
- 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
- 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
- Criteria of a going concern: including resolving disputes over zero rating