This document provides a summary of a presentation about property tax including capital gains tax (CGT) and goods and services tax (GST). It discusses the basics of GST and CGT as they relate to various property transactions. It covers topics like GST registration thresholds, the margin scheme, capital gains discounts, distinguishing between business profits and capital gains, and the tax implications of subdivisions, renovations, and different property types (residential, commercial, commercial residential). The presentation aims to help property investors understand and navigate the accounting and tax aspects of their portfolio.
2015 small business CGT and superannuation strategies webinarnetwealthInvest
These are the slides presented by Keat Chew at the netwealth educational webinar on small business CGT and superannuation, at netwealth on September 17, 2015.
Keat Chew is the Head of Technical Services at netwealth Investments LTD.
For more information, please visit: https://netwealth.com.au
There are a number of ways you can reduce your 2015 tax bill. From mitigating the effect of the Net Investment Income Tax to ideas for retirement and estate planning, CBIZ MHM has outlined several tips you can use for your year end planning in our 2015 Individual Tax Planning Supplement. We encourage you to carefully consider how the strategies discussed in the supplement will benefit you and your family. You can also contact your local CBIZ MHM professional for more information.
2015 small business CGT and superannuation strategies webinarnetwealthInvest
These are the slides presented by Keat Chew at the netwealth educational webinar on small business CGT and superannuation, at netwealth on September 17, 2015.
Keat Chew is the Head of Technical Services at netwealth Investments LTD.
For more information, please visit: https://netwealth.com.au
There are a number of ways you can reduce your 2015 tax bill. From mitigating the effect of the Net Investment Income Tax to ideas for retirement and estate planning, CBIZ MHM has outlined several tips you can use for your year end planning in our 2015 Individual Tax Planning Supplement. We encourage you to carefully consider how the strategies discussed in the supplement will benefit you and your family. You can also contact your local CBIZ MHM professional for more information.
Self-Managed Superannuation - what is involved in owning your own business premises in superannuation, what are your options, how to borrow, how to transfer your commercial property into superannuation
Indian companies are taxable in India on their worldwide income, irrespective of its source and origin. Get more details at http://www.helpwithassignment.com/
2016 tax review hints and changes, including PEASE and PEP Limitation, Alternative Minimum Tax (AMT), donations of appreciated capital gain property, qualified charitable distributions, ELOI contracts, net investment income tax (NIIT), Kiddie Tax rates and qualifications, family limited partnerships, tax reform, and the "death tax" provided by a certified CPA.
Profit making scheme, Mutuality, Interest, Rent, Dividends and Intellectual property, Compensation for loss of salary, pain and suffering and more at
http://www.helpwithassignment.com/
Our straight talking presenters cut through the complexity to deliver relevant Tax and Superannuation insights contained in the 2018 Federal Budget. In addition, our presenters recap on the Pre Financial Year End initiatives that can be considered during the tax planning season.
איל הורוביץ הוא אדם קשוב-פירוט ובעל רמה גבוהה של דיוק. תכנון המס מאפשרת יצירת citizento את השימוש הטוב ביותר של מספר ממס, הטבות ובקפוצ'ינו להורדת המס שלהם, האחריות מעל לשנה פיננסית.
Super contributions: New rules and key issues for June 30netwealthInvest
Learn the new superannuation contribution rules you should be aware of and understand how they could affect your super savings. Nigel Smith, Netwealth technical consultant, discusses ahead of June 30, 2018.
Self-Managed Superannuation - what is involved in owning your own business premises in superannuation, what are your options, how to borrow, how to transfer your commercial property into superannuation
Indian companies are taxable in India on their worldwide income, irrespective of its source and origin. Get more details at http://www.helpwithassignment.com/
2016 tax review hints and changes, including PEASE and PEP Limitation, Alternative Minimum Tax (AMT), donations of appreciated capital gain property, qualified charitable distributions, ELOI contracts, net investment income tax (NIIT), Kiddie Tax rates and qualifications, family limited partnerships, tax reform, and the "death tax" provided by a certified CPA.
Profit making scheme, Mutuality, Interest, Rent, Dividends and Intellectual property, Compensation for loss of salary, pain and suffering and more at
http://www.helpwithassignment.com/
Our straight talking presenters cut through the complexity to deliver relevant Tax and Superannuation insights contained in the 2018 Federal Budget. In addition, our presenters recap on the Pre Financial Year End initiatives that can be considered during the tax planning season.
איל הורוביץ הוא אדם קשוב-פירוט ובעל רמה גבוהה של דיוק. תכנון המס מאפשרת יצירת citizento את השימוש הטוב ביותר של מספר ממס, הטבות ובקפוצ'ינו להורדת המס שלהם, האחריות מעל לשנה פיננסית.
Super contributions: New rules and key issues for June 30netwealthInvest
Learn the new superannuation contribution rules you should be aware of and understand how they could affect your super savings. Nigel Smith, Netwealth technical consultant, discusses ahead of June 30, 2018.
AGENDA
Introduction
Types of cement
Economic status
Top 5 Globally
Top 5 Nationally
SWOT
Impact
Future
Introduction
What is Cement?
Raw materials
Origin
Basic ingredient for the construction industry
This ppt was presented for a district level inter college paper presentation competition conducted by Sri Krishna College of Engineering and Technology. The event was conducted within three days of the announcement of the IMPLEMENTATION OF GST by THE GOVERNMENT OF INDIA.The topic is "Effect of GST on Various Sectors". The team comprises of myself, Mr.Ajay, Mr. Akhil Naga Surya, Mr.Prasanna. We won the first prize in the competition. We presented under the topic, "Effect of GST on Paint & Cement Sectors of Indian Economy".
Financial statement analysis(cement and finance sector).Pratyush Kumar
This presentation contains the Financial Statement Analysis of Ambja cements, Ultra Tech Cements, JM fianancials, Reliance Capital Ltd.
Analysis includes calculation of various financial ratios and their explation.
AN ASSAIGNMENT ON FINANCIAL RATIO ANALYSIS OF M.I. CEMENT FACTORY LIMITEDIwate University
Financial analysis is the selection, evaluation, and interpretation of financial data, along with other pertinent information, to assist in investment and financial decision-making.
In our study we will try to measure the risk and profitability of M.I. Cement Factory Limited by the financial ratio analysis.
M.I. cement factory was introduced on 11 December, 1994 under the Companies Act 1994 as a public Limited company. The plant, equipped with world famous O’Sepa Separator, initially went into operation with the daily production capacity of 600 metric tons in the year 2000 and marketed its product with the brand name Crown cement. From the very beginning, it has maintained an uncompromising policy of producing high quality cement. As a result, it has gained huge popularity in the market. Due to increase of demand, the company has set up its second unit with the production capacity of 800 metric tons per day in 2002 and third unit with capacity of 1400 tons per day in 2007.
Gradually with the increase of demand the management undertook further expansion program for 4th unit of the plant raising the total production capacity to 5800 metric tons per day. The 4th unit expansion would be completed within 2011.
In our study we have shown the statement of financial position, statement of comprehensive income, liquidity ratio, solvency ratio, profitability ratio and their analysis.
An exhaustive one step solution for builder or a works contractor to migrate to GST. An excel-based tool which facilitates the calculations of project profitability, the effect of anti-profiteering clause on us and on our vendors, back calculation of sales price from targeted profit in current regime vs in GST regime, loss/profit potential of the individual project and many more useful features. It contains the facility of multi GST implementation date and ease of use.
Precautions in GST for Construction / Project Sectorsandesh mundra
Points of precautions are compiled after comparing expected GST provisions and current taxation conflicts. Attempt is made to touch all the conflicting grounds that exists in present scenario and there expected impact and effect in awaiting GST regime. Emphasis is given on Construction and Real estate sector. Issue and concerns are highlighted in order to handle these issues with caution.
Cement Industry, Indian Cement Economy, Marketing, Environment, Cement Policies, Cement Income, Cement Employment, Cement Industry and Economic Growth, Global Cement Position
The file explains a brief overview on the Indian Cement Industry in the year 2013-14. The file explains the global scenario of the Indian Cement Industry, Major organisations and the Major players in the Indian Market and their market s
Tax Planning Update by Tracy Monroe, CPA. Presented at Cohen & Company's Client CPE Day. Covers business as well as individual tax updates.
www.cohencpa.com
What does the budget means for you and your clients and, importantly, any tax planning opportunities for high net worth individuals and business owners.
Most observers do not believe that further curbs on public spending can reduce our debts to an acceptable level, thus suggesting that George will have to increase taxes in a way that will not hurt the average citizen. It also suggests that hopes of reforms that reduce tax yields are likely to prove unrealistic. In particular, an increase in the IHT limit (other than the promised limited relief for family homes) seems unlikely. We also expect further pain for non-doms and tax avoiders. We think that some tax relief for small businesses is likely, but as such businesses create scope for tax evasion and avoidance, we are sceptical as to how helpful these are likely to be in practice.
Canadian Tax Insights: How High Net Worth Investors Should Navigate Today’s T...Nicola Wealth
In this webinar, Nicola Wealth CEO, John Nicola will address timely taxation topics to help you understand the developments in Canadian tax policy in relation to the taxation of homes, wealth, capital gains, and marginal tax rates. John will further prepare you to navigate the current tax environment by reviewing several tax planning options available to you and how these strategies integrate with overall portfolio design.
David John, Senior Senior Strategic Policy Adviser at AARP’s Public Policy In...ILC- UK
In July 2015, the Government began a consultation on changing how the UK incentivises private pension saving, and the Chancellor is expected to respond to this consultation in the Government’s annual Budget in March 2016.
The Future of Private Pension Saving, kindly supported by Age UK, brought together Parliamentarians, business, academics and industry experts to discuss how best the UK Government can incentivise private pension saving.
The debate was opened by initial remarks from Angela Rayner MP (Shadow Pensions Minister), Jackie Wells (Head of Policy and Research, Pensions and Lifetime Savings Association), Sarah Luheshi (Deputy Director, Pensions Policy Institute), and Yvonne Braun (Director, Long-Term Savings Policy, Association of British Insurers).
On Wednesday 27th January, David John, Senior Strategic Policy Adviser at AARP’s Public Policy Institute, and Deputy Director of the Retirement Security Project at the Brookings institute delivered a presentation on tax incentives for pension saving in the US context at an informal reception hosted by Age UK.
Discussions from this event contributed to a formal representation to the HM Treasury regarding Government policy on pensions tax relief and private pension saving.
The Finance Act 2015 - How does it affect your clients? By CBW TaxRobert Maas
How will the many significant changes in the Finance Act 2015 affect your clients?
Let us share with you our thoughts on all of the main changes in the Finance Act.
Tax Planning with Reference to Managerial Decisions_NC.pdfDayanand Huded
This chapter comprises of Financial Decisions: Capital Structure Decisions; Dividend Policy; Bonus Shares and Capital Gains; Bond Washing Transactions; Own or Lease of an Asset, Installment or Hire Purchase, Make or Buy Decisions, Buying an Asset with Own Fund or Borrowed Fund and Repair, Replace, Renewal or Renovation; Shutdown or Continue: Tax Planning in respect of Amalgamation or De-Merger of Companies, Conversion of a Firm into a Company; Conversion of Sole Proprietorship into Company, Conversion of Company into Limited Liability Partnership.
Cost of Capital and also expenditure incurred in raising of such capital. Expectation of shareholders by way of dividend, growth etc. Expansion need of the business i.e. the rate by which profits of the business shall be again ploughed back in the business.
If the return on investment > rate of interest , maximum debt funds may be used, since is shall increase the rate of return on equity . However, cost of raising debt fund should be kept in mind.
if rate of return on investment < rate of interest, minimum debt funds should be used.
Where assessee enjoys tax holidays under various provisions of Income-Tax in such case minimum debt fund should be used, since the profit arising from business is fully exempt from tax which increase the rate of return of equity capital. But the borrowed funds reduces the profits ( profits less interest) before tax and to the extent exemption is reduce.
bond washing transaction can be defined as a transaction where some securities are sold sometime before the due date of Interest and reacquired after the due date is over. In order to discourage such transactions section 94 was introduced.
Where the owner of any securities (in this sub- section and in subsection (2) referred to as" the owner") sells or transfers those securities, and buys back or reacquires the securities, then, if the result of the transaction is that any interest becoming payable in respect of the securities is receivable otherwise.
Bond washing is the practice of selling a bond just before it pays a coupon payment and then buying it back once the coupon has been paid. Bond washing previously could result in apparently tax-free capital gains because after the coupon has been paid, the bond will often sell for less. However, the practice has been banned in most major jurisdictions.
In order to protect your home from Capital Gains Tax (CGT) it must be considered your main residence.
The first condition you need to satisfy is moving into it as soon as possible after purchase. Note there is a 4
year concession if you are renovating or building on land but only if you do not have another main residence at
the time. If you do not move in straight away the home will always be subject to CGT on a pro rata basis so you
will need to keep records of all the money you spend on it including rates, interest, improvements, plants,
insurance, repairs etc.
Once you have established a house as your main residence there are concessions that allow you to move out
but leave your main residence exemption with the house.
There is no minimum time set in legislation of how long you have to be in a house to establish it as your main
residence, for CGT purposes. Whether the house is your main residence or not is a question of fact. The ATO
has issued TD51 as a guideline (not law) of what the ATO considers relevant in establishing your main residence
somewhere. The following is an extract from that ruling:
Some relevant factors may include, but are not limited to:
(a) the length of time the taxpayer has lived in the dwelling
(b) the place of residence of the taxpayer's family
(c) whether the taxpayer has moved his or her personal belongings into the dwelling
(d) the address to which the taxpayer has his or her mail delivered
(e) the taxpayer's address on the Electoral Roll
(f) the connection of services such as telephone, gas and electricity
(g) the taxpayer's intention in occupying the dwelling
The relevance and weight to be given to each of these or other factors will depend upon the circumstances of
each particular case. Mere intention to construct a dwelling or to occupy a dwelling as a sole or principal
residence, but without actually doing so, is insufficient to obtain the exemption.
An example of how strictly the ATO is scrutinising this is a case where the taxpayer's home was not
considered his principle place of residence because he was living and working overseas so had only ever visited
the house he owned and in which his adult children lived.
A house can only be classed as your main residence if your name is on the title deed. So in the case above
there was no point in arguing that the house was the main residence of the children but the problem could have
been solved by buying the property in their name. Further, if you buy your home in the name of a company or
trust it will not be protected from CGT by your main residence exemption. As indexing for inflations is now only
available in very limited circumstances it is important to protect your main residence exemption. CGT could
reduce the proceeds of the sale of your home to the extent that you will not be able to purchase a similar
property, simply because of normal increases in prices in line with inflation
Introduction to Taxation of Foreign Investment in U.S. Real EstateSmart Accountants
This webinar introduces some of the most important tax issues that non-US investors in U.S. real estate should consider.
You will learn:
- Introductions to US Real Estate investment by Foreign Investor
- FDAP income (Not trade or business income)
- Effectively Connected Income (ECI)
- Foreign Investment in Real Property Tax Act of 1980 (FIRPTA)
- Choice of proper investment structure and tax planning
- Tax Implications for:- Rental income tax- Capital Gain Tax on the eventual disposition of property- Estate/Gift tax consequences
- Other consideration- Anonymity – Nondisclosure of the identity- Assets protection- The simplicity of the structure balances against complexity costs.
Netwealth educational webinar - What will the 2017 Federal Budget mean for you?netwealthInvest
Netwealth's Technical Services team discuss how this year's Budget announcement may impact you and your clients, and provide you some key strategic considerations.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Dynamics 365 Bid Management for Construction ProjectsDynamic Netsoft
This PDF provides a straightforward guide to using Dynamics 365 for efficient bid management in construction projects. Learn how to streamline processes, improve accuracy, and enhance productivity with practical tips and step-by-step instructions.
https://dnetsoft.com/dynamics-365-bid-management-software
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
3. The Disclaimer
The advice given today is general advice only. It has been prepared without taking into
account your objectives, financial situation or needs. Before acting on this advice you
should consider the appropriateness of the advice, having regard to your own
objectives, financial situation and needs. If any products are discussed, you should
obtain a Product Disclosure Statement relating to the products and consider its
contents before making any decisions.
GROW ACCOUNTING PTY LTD disclaim all and any guarantees, undertakings and
warranties, expressed or implied, and shall not be liable for any loss or damage
whatsoever (including human or computer error, negligent or otherwise, or incidental or
consequential loss or damage) arising out of or in connection with any use or reliance on
the information or advice presented today. The user must accept sole responsibility
associated with the use of the PRESENTATION, irrespective of the purpose for which
such use or results are applied.
The information IN this PRENSENTATION is no substitute for financial advice.
4. Sections To Cover
• The Basics
• GST Basics
• CGT Basics
• GST vs. Capital Gains
• Property Transactions & Tax Effects
• Subdivisions
• Renovations
• New Properties
• Commercial Properties
5. GST Basics
GST only applies if you are running a business or conducting an enterprise. These are factors the ATO will look
at to establish that:
• Regularity & Repetition – however even one-off transactions can be a business
• Major Intention to make a profit on the sale
• A business plan exists e.g. feaso’s
• Activities are systematic, organised & conducted in a business like manner & records are kept
• The person has relevant knowledge or skills
BAS – Business Activity Statement (can register for quarterly or annually – most people do quarterly) (Quarters
1/7 – 30/9, 1/10 -31/12, 1/1 – 31/3, 1/4 - 30/6) Due date 28 days after or an extra 4 weeks if lodging through
an accountant or registered bookkeeper.
GST rate is currently 10% . If you have an invoice get the amount of GST by dividing by 11 NOT 10!
6. GST Basics (continued)
Understanding an ABN – Australian Business Number (different from an CAN). Need a TFN (tax file
number ) first.
• There needs to be an ABN per trading entity & they are not transferable.
• Can take up to 28 days to get – can also be instantaneous! www.business.gov.au
• Each trust will need its own ABN– trustee company never has a TFN or ABN
• Each entity only has ONE ABN for life so will have same ABN for different transactions at different
times.
• If a JV depending on what is in terms each JV Partner may need their own & report seperately
• Can have an ABN but NOT be registered for GST. Once transaction is finished then cancel GST but
leave ABN. ATO making it harder to get them.
Sales/Income threshold $75,000 per year before need to register for GST
Use the ATO GST & Property Decision Making Tool – print out result & keep it as record to show motive.
7.
8. Margin Scheme
Normally you the GST you pay on sale of a property is 1/11th of the sale price. However under margin scheme
you pay GST on the difference between the Sale Price & the amount you paid for property.
When does it apply:
• When you are selling a property and
• Must be a business transaction (profit intention) on applicable properties e.g. on new residential or
commercial and
• You didn’t claim GST on purchase or
• Sold to you under the margin scheme or
• Seller wasn’t registered or GST wasn’t applicable
9. Margin Scheme
Example; Susie purchases a vacant block of land for $200,00 from a non-gst registered person. She builds a house & claims
all gst costs during construction. At the end she sells it for $440,000.
Margin Scheme No Margin Scheme
GST GST
Sale Price $21,818 * $40,000
Other Considerations:
• Who are you selling to can they claim the GST? They may be willing to pay more if they can claim the GST.
• How this affects the profit of the sale i.e. more GST less cost base so less tax
*($440,000 - $200,000)
10. CGT Basics
• Applies on the sale of assets acquired for personal enjoyment or income producing benefits.
• Not a separate or special tax. Gain (after exemptions & discounts) is added to other income & taxed at
relevant rate for that entity.
• Been around since 20th September 85 – special rules applies to property & land acquired before than &
deceased estates inherited from someone who owned before then (review bootcamp notes for rules)
• The most common discount is the general exemption if asset held MORE than 12 months (is contract date to
contract date). The amount of discount depends on structure:
• 50% for individuals & trusts
• Not applicable at all to companies – therefore a trust should never distribute a capital gain to a
company
• 33 1/3% in a SMSF
11. CGT Basics Continued
• Other discounts & exemptions can apply when asset sold is a small business asset – this would include
commercial property used in your business, sale of a business. General property sales cannot get these
deductions regardless of how many properties you own.
• Capital Losses are carried forward year after year until there is a capital gain to offset it against.
• Any capital gain will have the loss applied to it BEFORE discount is applied.
• Activities while business like in nature can be just for preparing an asset for sale. This is called Mere
Realisation of an asset.
12. Business Profit vs Capital Gain
• If property transaction is under 12 months there is no discount & if GST doesn’t apply to that transaction a
capital gain or business profit will end up with same tax payable!
• They are always mutually exclusive (EXCEPT new residential)
13. Business
(GST)
Profit Making Activity
(GST)
Capital Gain
Mere Realisation
(No GST)
Yes
Are you in the business of buying and selling
properties?
No
No
Yes
Yes
Yes
Will you be registered for GST at the
time of the sale?
Capital Gain - Mere Realisation
(GST charged on sale if sold within a 5
year time frame)
No
Yes
Was your original attention to sell the land
at a profit?
Does your land have a residential dwelling
on it?
Was your original intention to sell the
dwelling at a profit?
Are you in the business of buying and selling
properties?
Did you substantially renovate/build a new
dwelling?
Capital Gain
Mere Realisation
(No GST)
No
No
No
Yes
No
Profit Making
Actvity
(No GST)
Yes
14. Subdivisions: Business Profit or Capital
Gain?
Can be either depending on original intention:
• Purchase of property 5 years ago with the intention of just renting & then zoning changed. Subdivision
would be a capital gain
• Purchase of property 2 months ago & lodging a D.A immediately. Would be a business profit when sold.
• Purchase a property 6 months ago with intention to rent & then started course & became aware of
subdivisions. Will most likely be a capital gain unless other factors at play.
Real ATO Cases show how unclear it can be!
15. Subdivisions: Business Profit or Capital
Gain?
George Casimaty v Com. of Taxation 1997 1388 FCA 10-12-97
Purchased 988 acre farm from father in 1955 and father forgave obligation to pay for the land. 1956
purchased 40 adjoining acres to build a house. 1963 could not sell the property for enough to cover debts.
In 1965 diary farming became uneconomical. 1967 to 1969 drought effected. 1972 tried to sell the whole
property to state housing department. Rural market depressed so continued farming. Ill-health and high
interest payments forced taxpayer to sell off 3 lots in 1975. More financial problems lead to second
subdivision of 10 lots in 1977 for which Council required roads, water and fencing. More financial problems
in 1983 so 9 lots subdivided included water, roads and fencing. 1988 13 lots roads plus gift of 2 hectares to
son. Council required roads, water, fencing and draining a creek. 1992 16 lots water, fencing and roads.
1993 19 lots. Ill-health suffered from early 1970s but continued to live on the property and farm it a third
remained un-subdivided. Properties were sold by a real estate agent.
WDYT?
16. Subdivisions: Business Profit or Capital
Gain?
Stevenson v Com. of Taxation 1991 29 FCR 282
446 acre farm owned by family since 1904. 26 acre single block sold 1965. 360 acre block sold 1971.
Another 35 acres sold when taxpayer reached 70.
The balance was later subdivided and attempts made to sell it with development potential. After 1985 180
blocks subdivided finance by considerable borrowings as council required extensive water and sewerage works
. Development done in 8 stages. The taxpayer was very involved in the development right down to selling the
land himself rather than appointing an agent. The taxpayer had no previous development experience.
WDYT?
17. Subdivisions: CGT Implications
• Capital Gain occurs when you sell, not when you subdivide.
• For the purposes of working out your capital gain or capital loss, the date you acquired the subdivided
blocks is the date you acquired the original parcel of land and the cost base of the original land is divided
between the subdivided blocks on a reasonable basis.
• If you subdivide the land on which your PPR sits, you will lose the PPR exemption for any block sold separate
to the PPR
18. Subdivisions: Business Implications
• Treated as ordinary business income
• No 50% General Discount
• Property treated as trading stock
• GST applies if turnover >$75K and buildings (if applicable) <5 years old
19. Property Renovations: Business Profit or
Capital Gain?
ATO Views three kinds of renovators:
• Personal Investor (CGT calculations, no GST)
• Business of Property Renovation:
• No CGT
• Pay tax on net profit
• Property treated as trading stock
• GST applies if substantially renovated
• Will have other business costs e.g home office
• Profit making activity of property renovations:
• Pay tax on net profit
• CGT may apply
• GST applies if substantially renovated
• No other business costs can be deducted
20. GST on Property Purchase & Sales
• Rules are different for different types of properties:
• Residential
• Commercial
• Commercial Residential e.g. Caravan Parks, Hotels & Motels
21. Residential Transactions & GST
Types of Residential:
“New” property – can also be created through substantial renovation:
• Claim GST on purchases to sell new property (e.g. real estate fees)
• GST is applicable on the Sale
• OR apply the Margin Scheme
Off-the Plan
• GST on purchase of property at settlement
• If “right” sold before settlement no GST applicable unless this was your intention
Existing Residential Property – no GST applicable
22. What is a “substantial renovation”
Substantial renovations occur where all or substantially all of a building is removed or replaced.
They must directly affect most rooms in the house.
Renovations can be structural & include:
• Foundations
• Supporting Walls
• Roof
• Staircases
What isn’t a substantial renovation just by itself:
• Replace wiring
• Non-supporting walls
• Plastering or rendering walls
• Replacing kitchen & bathroom cupboards
• Cosmetic e.g. painting, sanding floors, light fittings, curtains & carpets
• Additions
• Landscaping
23. Balancing Adjustments
When is a new building not a new building!!! After 5 years being rented IF it wasn’t for sale?
24. GST on Commercial Property
Commercial Properties are shops, factories & offices
Purchase:
• If seller is registered for GST & you (the purchaser) intend to use building in your GST registered business you
can claim GST credit on purchase
• If the seller applied the margin scheme you cannot claim GST
• However most time seller uses “going concern” & is sold GST free
Sale
• May be eligible for margin scheme
• Going Concern
• GST
25. Going Concern
Going Concern normally applies to sales of businesses. However can also apply to sale of commercial
properties.
The sale of a commercial property will be GST free if these conditions of a going concern are met:
• There is a payment
• The purchaser is registered for GST (or required to be)
• The buyer & seller agree in writing the sale is a going concern
• Must sell all the things necessary for the continued operation of the business
• Property must have a tenant in place or have had a tenant in the past & now advertised for sale.
26. Lets mix it up – GST on Commercial
Residential
What is commercial Residential:
• Hotels, Motels
• Caravan Parks
• Holiday apartments & units
• Hostels & Boarding Houses
GST on purchase & sale is the sale rules as on commercial properties EXCEPT sale of Holiday apartments or
units (then residential rules apply)
27. Rental Income
Residential:
No GST claimable or payable on rental property income & expenses
Commercial:
GST Claimable & Payable on Rental Property Income & Expenses
Commercial Residential:
• Short term – less than 28 days has GST
• Long term – more than 28 days you have a choice:
• Treat as residential rent or
• Work out GST on half the GST-inclusive price that would apply for up to 28 days & then add this onto the gst exc
rate.
29. Property Investors
The world of Property Investment can be a little overwhelming. Whether you are just starting
your property portfolio or managing a growing one, we have the depth of specialised
knowledge and experience you need to stay on top.
At Grow we become a truly supportive partner and guide Property Investors through the
accounting & taxation aspects of buying, selling, subdividing and renovating properties. We
help you understand and implement things like negative gearing, trust structures, PAYG
ITWV Forms, Depreciation, Repairs or improvements and manage it all for you. We thrive in
supporting you and helping you to build your property portfolio, and we believe your
accountant should be a very important member of your property team.
We have established a network of trusted professionals including financial
planners, lawyers, insurance brokers, mortgage brokers and buyers agents which means we
can help you establish relationships with other suitable professionals when you need them.
www.growaccounting.com.au