Property Tax Update 2018 – GST and CGT Withholding, Land Tax, Surcharge Duty and Stamp Duty

The Australian property market remains firmly in the news as we move further into the 2018-2019 financial year. In addition to the general speculation concerning interest rates, falling prices, and affordability, there have also been changes and introductions of new taxation regimes implemented that mean it is vital for purchasers, vendors and developers – as well as their financial advisers- to understand their obligations and comply with existing and new requirements.

The next Coleman Greig Accountants’ Briefing in our Parramatta and Penrith locations will look at recent changes and the new regimes that affect the property market, and provide an overview of the key aspects you need to be aware of as a financial adviser.

Presented by our Special Counsel David Stott (Accredited Specialist In Property Law) and experienced property lawyer Chris Tohme, the briefing will cover topics including:

• The new GST residential withholding regime – what it means for your clients from a practical perspective, reporting and compliance issues
• Foreign Residents’ Capital Gains Withholding regime – thresholds and compliance
• Land tax
• Surcharge duty
• Stamp duty

Don’t miss this opportunity to discuss the current legislation, and how it impacts your clients, with the experts in property law.