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Recorded Webinars

Recorded Webinar: The Vacant Land Measures – Is the Government Attacking Land Owners?

The vacant land measures in Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Act 2019 have been seen by some commentators as an attack on small land owners and mum and dad investors. The removal of tax deductions for holding costs associated with vacant land (
PRESENTED BY Andrew Rider Barrister - Level 22 Chambers , Sydney

Date/Time

About the Webinar

The vacant land measures in Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Act 2019 have been seen by some commentators as an attack on small land owners and mum and dad investors. The removal of tax deductions for holding costs associated with vacant land (e.g. rates, land tax or interest on a mortgage) from 1 July 2019 represents a significant financial cost for many small investors. This session examines the operation of the “new” rules and also identifies exemptions which may be available to clients:

  • Overview of the “old” rules governing the deductibility of holding costs
    • FCT v Steele – Do I have a purpose of earning income?
  • What is vacant land?
    • What is a substantial structure?
    • Vacant land and semi-completed residential property developments
  • Who does the rules apply to?
    • Companies excluded
    • Primary producers and property developers excluded
    • What about agistment income?
    • Related parties using the land
    • Implications for investors purchasing off-the-plan
  • Other exclusions/inclusions

Presented By

Andrew Rider
Barrister, Level 22 Chambers Sydney, NSW

Andrew Rider is recognised in Doyle’s Guide as a leading Australian tax barrister specialising in tax litigation and dispute resolution.

Andrew also advises on Australia-wide taxes, including stamp duties, land tax and payroll tax.

Prior to coming to the Bar, Andrew was an Associate to Justice Michael Kirby and solicitor.

Andrew lectures in taxation law at the University of Sydney Law School, judges mooting competitions for the University of NSW and previously lectured in taxation law at the University of Technology, Sydney.

Andrew authors the national stamp duty section of the leading online service “Practical Guidance - Property Law” and edits the leading stamp duty publication “Australian Stamp Duties Law”.

Andrew is a Chartered Tax Adviser and examiner with The Tax Institute and member of The Tax Institute/Revenue NSW Liaison Committee and Dispute Resolution Technical Committee. Andrew is also a member of the NCAT Revenue List Consultative Forum.

Who Should Attend?

This webinar is suitable for accountants and lawyers advising in taxation matters. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge. FASEA – category “Technical Competence” – 1 hour.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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