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Move from a "land rich" model to a "landholder" model of duty in Qld and SA discussed.

To avoid extra charges, a discretionary trust deed must be amended to exclude foreign persons as potential beneficiaries.

The ruling provides a restructure rollover opportunity for Queensland small businesses to move into a company structure.

If the trust does not explicitly exclude foreign persons as beneficiaries, the trustee is considered a foreign trustee.

The Ruling relates to payments to a shareholder or an associate pursuant to an Order made under Section 79 of the FLA 1975.

This is a 10% withholding payment on the disposal of certain 'Taxable Australian Real Property' by foreign residents.

The Victorian Government has announced that it plans to abolish transfer duty on sales of commercial and industrial properties. The proposed measures will not apply to residential premises.

Taxpayers contemplating acquisitions of freehold interests with long term leases should consider the duty implications.

Deductions for site improvements can be effective for landowners and developers to manage land tax rates and liabilities.

Profits from property developments that have been treated as capital gains are high on the ATO target list right now.

The Budget measures include a radical plan to shift the responsibility of accounting for GST from property developers to purchasers.

Investors should know the difference between Capital Gains Tax and Land Tax and all the costs associated with both taxes.

A trustee of a discretionary trust may be deemed to be a foreign person if a potential beneficiary is a foreign person.

Update on key developments in taxation law for accountants and participants in the tax advice industry up to mid-May.

This article covers the main design features of the landholder regime and changes from the existing land rich regime.

The tax rules and considerations surrounding commercial properties are quite complex and often not fully understood.

Landlords should approach land tax recovery with caution as the decision may be subject to appeal or further legislation.