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.
Attachments
PFA Tax Update presentation summary
This publication is issued by Moore Stephens Australia Pty Limited ACN 062 181 846 (Moore Stephens Australia) exclusively for the general information of clients and staff of Moore Stephens Australia and the clients and staff of all affiliated independent accounting firms (and their related service entities) licensed to operate under the name Moore Stephens within Australia (Australian Member). The material contained in this publication is in the nature of general comment and information only and is not advice. The material should not be relied upon. Moore Stephens Australia, any Australian Member, any related entity of those persons, or any of their officers employees or representatives, will not be liable for any loss or damage arising out of or in connection with the material contained in this publication. Copyright © 2011 Moore Stephens Australia Pty Limited. All rights reserved.
