Tax Issues for Land Subdivisions
Overview
Unlock the tax essentials behind land subdivisions – from CGT to GST, and everything in between
With land supply shortages and consequent increases in land values, many people with little to no experience of property development are venturing into land subdivision, sometimes followed by development of the resulting vacant blocks, often with a view to quick profit.
This session will look at the CGT and other direct tax implications flowing from the subdivision of land, and will also explore the potential GST issues that can arise.
Amongst the matters to be covered are the following:
- How is a subdivision treated for tax?
- Tax treatment of demolition costs
- Applying the main residence exemption to subdivisions and subsequent sales
- When is a property transaction on capital account and when is it on revenue account?
- Deductions for vacant land
- Determining whether GST applies to the project, applying GST concessions and getting the new GST withholding rules right
Learning Outcomes:
Attendees will gain an overview of the key issues facing clients who have either already subdivided properties or who are considering undertaking such a project. The practical and solutions-oriented approach will include worked examples and planning tips as well as highlighting the pitfalls to avoid
Suited to:
This session is suited to all accountants and tax practitioners that deal with property owning clients, including property developers and homeowners looking to capitalise on their investment.
This On Demand recording Includes:
- Recording of the Live Webinar, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Course syllabus
3 lessons
- Video – Tax Issues for Land SubdivisionsVideo
- Feedback Survey QuestionsSurvey
- Knowledge QuizTest
Your presenter
Mark ChapmanH&R Block
is the author of Life and Taxes: A Look At Life Through Tax and has edited and updated the second, through to the eighth, editions of Australian Practical Tax Examples, published between 2019 and 2025 by Wolters Kluwer CCH Australia.
He has over 30 years experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a fellow of the Institute of Chartered Accountants in England and Wales, a fellow of CPA Australia and a member of the Chartered Institute of Taxation. He holds a Masters of Taxation Law with the University of New South Wales.
Since 2015, Mark has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance. As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director.