Tax
Tax » Real Estate
Stamp duty is an obvious tax cost involved in real estate transactions, and optimising the stamp duty outcome takes expertise and experience. Corrs has this across all eight states and territories including an intimate knowledge of the various landholder and land rich duty laws and the nuances between them. Large scale transactions involving multiple jurisdictions are a specialty.
Perhaps less obvious are the income tax and GST issues and the complexity involved in stitching these together with stamp duty in a way that delivers technically and commercially. This may involve the use of stapled securities, development agreements, project delivery agreements or other solutions on a case by case basis. Being commercial while observing the limits requires judgment Corrs has.
Our Experts
Our Experience
Rubicon Europe Trust Group
Corrs advised US private equity investor Global Asset Capital on its acquisition of distressed debt from National Australia Bank and the recapitalisation of the Rubicon Europe Trust Group, part of the failed Allco Finance Group.
Corrs worked with tax advisers in New York, London and across Europe to restructure entities in a number of jurisdictions including Austria, Belgium, Germany and the Netherlands.
Devising an efficient structure for US based investors to acquire European real estate via Australia presented a number of significant challenges.
Our Thinking
Federal Budget 2012-13: The major business tax measures
The Treasurer, the Hon Wayne Swan MP, has just delivered the most highly anticipated Budget speech for a long time. So what are the major business tax measures in the Budget that impact the Budget bottom line?
MoreProposed Victorian landholder rules set to expand duty base
On 10 April 2012, the Victorian Government released an exposure draft of the Duties Amendment (Landholder) Bill 2012, which introduces a landholder duty model into the Duties Act 2000 (Vic) to operate from 1 July 2012.
MoreNew South Wales stamp duty changes
An amending bill has been introduced into the New South Wales Parliament which will make significant changes to the corporate reconstruction exemption provisions and introduce a specific anti-avoidance measure into the landholder duty provisions.
MoreCorrs in Brief: Transfer Pricing - a changing landscape
Australia's domestic transfer pricing provision, Division 13 of the Income Tax Assessment Act 1936, was introduced in 1982. However, until 2008, there had been no substantive decision concerning its operation. Recent developments are set to change t
MoreCorrs in Brief: Taxation of gains derived by foreign residents on non-portfolio interests in mining companies
The ATO's recent decisions regarding Australia's capital gains tax regime highlight the importance of getting the sale/purchase price allocation right.
MoreCorrs in Brief: Announced changes to the Australian General Anti-Avoidance Rule (GAAR)
The government’s action is in direct response to concerns about recent court losses suffered by the Australian Taxation Office (ATO) in seeking to apply the GAAR to transactions or arrangements entered into by some of Australia’s largest taxpayers.
MoreDoing Business In Australia
Australia is an exceptional place in which to do business. Find out how we can help you develop your business in Australia.
DownloadCorrs In Brief: When is everything a fixture?
Six out of eight States and Territories already have expanded their duty base to a “landholder” model for dealings in shares in companies and units in unit trusts. From 1 July 2012, this will extend to seven out of the eight duty jurisdictions.
MoreOur Experience
Rubicon Europe Trust Group
Corrs advised US private equity investor Global Asset Capital on its acquisition of distressed debt from National Australia Bank and the recapitalisation of the Rubicon Europe Trust Group, part of the failed Allco Finance Group.
Corrs worked with tax advisers in New York, London and across Europe to restructure entities in a number of jurisdictions including Austria, Belgium, Germany and the Netherlands.
Devising an efficient structure for US based investors to acquire European real estate via Australia presented a number of significant challenges.
Our Thinking
Doing Business In Australia
Australia is an exceptional place in which to do business. Find out how we can help you develop your business in Australia.
Corrs In Brief: When is everything a fixture?
Six out of eight States and Territories already have expanded their duty base to a “landholder” model for dealings in shares in companies and units in unit trusts. From 1 July 2012, this will extend to seven out of the eight duty jurisdictions.
Federal Budget 2012-13: The major business tax measures
The Treasurer, the Hon Wayne Swan MP, has just delivered the most highly anticipated Budget speech for a long time. So what are the major business tax measures in the Budget that impact the Budget bottom line?
Corrs in Brief: Announced changes to the Australian General Anti-Avoidance Rule (GAAR)
The government’s action is in direct response to concerns about recent court losses suffered by the Australian Taxation Office (ATO) in seeking to apply the GAAR to transactions or arrangements entered into by some of Australia’s largest taxpayers.
Corrs in Brief: Taxation of gains derived by foreign residents on non-portfolio interests in mining companies
The ATO's recent decisions regarding Australia's capital gains tax regime highlight the importance of getting the sale/purchase price allocation right.
Corrs in Brief: Transfer Pricing - a changing landscape
Australia's domestic transfer pricing provision, Division 13 of the Income Tax Assessment Act 1936, was introduced in 1982. However, until 2008, there had been no substantive decision concerning its operation. Recent developments are set to change t
New South Wales stamp duty changes
An amending bill has been introduced into the New South Wales Parliament which will make significant changes to the corporate reconstruction exemption provisions and introduce a specific anti-avoidance measure into the landholder duty provisions.
Proposed Victorian landholder rules set to expand duty base
On 10 April 2012, the Victorian Government released an exposure draft of the Duties Amendment (Landholder) Bill 2012, which introduces a landholder duty model into the Duties Act 2000 (Vic) to operate from 1 July 2012.
Our Experts
Craig Milner
Partner Sydney + 61 2 9210 6072