ARTICLE · 25 SEPTEMBER 2013

Property Tax Update: MIT and thin capitalisation

Moore Australia

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The presentation discussed recent changes to the Managed Investment Trust tax regime and thin capitalisation changes.

AustraliaTax

Stephen O'Flynn

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Moore Stephens presented a tax update at the Property Funds Association's Roadshow around Australia during the week ended 20 September 2013. Our presentation included a discussion of:

the latest changes to the Managed Investment Trust ("MIT") tax regime;
August Case - a recent case that discussed the importance of maintaining contemporaneous documentation (such as an information memorandum) to support your intention of holding a property to derive rent (i.e. on capital account for tax purposes) as opposed to develop for a gain (i.e. on revenue account for tax purposes); and
the thin capitalisation changes.

You can view a summary of our presentation by downloading the PDF attached below.

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