Course Description

THE RATIONALE

This course introduces delegates to the tax effects of acquiring, holding and disposing of property, covering income tax, corporation tax, capital gains tax, value added tax and stamp duty land tax.

The course is set an introductory level and is primarily aimed at those involved in commercial real estate. The course examines all income tax, CGT, GST, land tax and stamp duty consequences of acquiring, holding, developing, building on, leasing, disposing of or otherwise dealing with land and buildings, including various real property investment options.

After introducing some broad property law concepts to assist in understanding, it examines the specific application of each taxing regime to property transactions. Income tax considerations dealt with include property sale or development whether one-off or as part of a business, income recognition, derivation of rent, lease incentives, building cost write-offs, depreciable property in buildings, home offices, other deductions and financing considerations. Property trust investments and structuring are examined.

THE COURSE OBJECTIVES:

By the end of this training, participants will achieve the following learning goals:

• Recognize and resolve legal and tax problems.
• Develop clear, effective and well-reasoned analysis of the tax consequences of practical scenarios.
• Demonstrate specialist technical knowledge and an independent capacity to resolve complex problems in the context of property transactions.
• Apply correct citation and referencing conventions in properly acknowledging all source material used
• Access and interpret a variety of legislation and case law dealing with a diverse range of legal issues relevant to property transactions.

THE COURSE OUTLINE

The course will cover the following:

MODULE 1: PROPERTY LAW CONCEPTS

• Property business – trading or investment
• Property expenditure – revenue or capital
• Property trust investments

MODULE 2: PROPERTY ACQUISITION

• Property acquisition
• Acquisition & transfer of property interest
• Leasing
• Infrastructure

MODULE 3: PROPERTY DEVELOPMENT

• Property development
• Structuring investments
• Capital allowances on expenditure on buildings

MODULE 4: TAXATION

• Capital gains tax on disposals (CGT)
• Goods and service tax on disposal (GST)
• Value added tax – exemption and the option to tax.
• VAT and transfer of a going concern(TOGC)
• The VAT capital goods scheme

MODULE 5: ANTI AVOIDANCE BASICS

• Recurrent property taxation
• Stamp duty land tax charge
• The Basics Of Tax Evasion
• Tax Avoidance
• Tax Minimization

TARGET AUDIENCE

Solicitors, Paralegals, Legal Executive, Secretaries, Personal Assistants & Accountants – Who would like an overview of the tax issue which typically arise on real estate transactions.

Delivery Method: Combines lectures, discussions, group exercises and illustrations

Venue:

Fee:

Duration: 1 week

Course Date: January 23rd -27th 2023