This unit exams the key aspects of the application of taxes to real property and real property transactions, with particular emphasis on income tax, GST, transfer (stamp) duty and land tax. With respect to transfer duty and land tax, the regimes in NSW will be the focus of consideration. The unit commences with an introduction to the tax policy considerations relevant to the taxation of real property and then considers the technical aspects of the application of the various taxes to both the holding of real property and transactions such as acquisition, development, sale, and leasing of real property. The unit considers tax issues in relation to the development and operation of commercial and residential premises, hotel/serviced apartment complexes, and retirement villages.
1x2-hr lecture/week. First class starts on Tue 28 Jul (6-8pm)
class assessment (30%) and take-home exam (70%)
Academic Profile https://sydney.edu.au/law/about/people/list.php. The unit is also available on a Continuing Professional Development basis https://sydney.edu.au/law/study-law/continuing-professional-development.html
It is assumed that students undertaking specified tax units have an understanding of Australian income taxation law commensurate with that which would be obtained from completing undergraduate study in Australian taxation law or five years working with Australian taxation law in a law or accounting practice, in an industry role or in the Australian Taxation Office. For students who do not have such knowledge or work experience, they first should undertake LAWS6825 Introduction to Australian Business Taxation before enrolling in this unit.