$190.91 +GST
This event is recommended for all public practitioners.
This session will cover the taxation and GST implications for an individual realising the wealth tied up in their backyard by adopting any of the following development strategies:
This event will be presented live 04/06/2025.
This training provides 1.5 CPD hours. The Legislated CPD Hours breakdown for financial advisers is as follows:
The rising property values and the housing shortages in desirable urban localities present an opportunity for residents to realise some of the wealth tied up in their expensive backyards. The decision to embark on subdividing the property and building a residence that will be in keeping with the streetscape and sympathetic to the existing house as well as returning a profit that might reduce or eliminate the existing mortgage does carry with it some potentially complex considerations.
If the resident’s wealth is tied up in the land, the project will be funded by a bank loan.
This webinar will be presented by one of TaxBanter’s experienced tax trainers.