This unit will exam they key aspects of the application of taxes to real property transactions. The unit will commence with an introduction to the tax policy considerations relevant to the taxation of real property. The application of taxes to real property transactions will then be considered. In addition to focussing on the acquisition, development, sale, and leasing of real property, the unit will consider tax issues for the development of commercial, residential, hotel/serviced apartment complexes, and retirement villages. Practical case studies will be used to draw out the impact of income tax, GST, stamp duty (primarily NSW), and land tax on real property transactions.
Oct 10-12 and 15, 16 (9-4)
class work (35%), 2hr exam or 7000wd essay (65%)
Thomson Reuters Fundamental Tax Legislation 2018 or equivalent
Students should have completed LAWS6214 Goods and Services Tax Principles A and at least one unit in Australian income tax (LAWS6825, LAWS6840 or LAWS6841) before enrolling in this unit. Those with a solid working knowledge of both taxes may not need to meet this requirement. If in doubt, please contact the unit coordinator for advice.