Description
Presented by Ken Mansell.
There are really just 5 issues that your property clients want an answer to – and we will look at all 5 in the context of real life examples…
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- Is the agreement to develop and sell your land a mere realisation or a disposal either in the course of a business or as part of a profit making undertaking or plan?
- What factors does the Commissioner look at when trying to decide if this is Capital or Revenue?
- What does the Commissioner look for when he gets the Property Development Agreement?
- What is the correct timing of return for income and deductions during a development?
- What happens if it will not sell and I decide to keep it and rent it out?
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Recorded on 9 September 2022.
1 CPD Hour