We all know that New Zealanders like to invest in property and there have been recent changes to the tax treatment of residential property in New Zealand. This has left many New Zealand investors wondering whether or not it still makes sense to invest in residential property in another jurisdiction, such as Australia. However, there are pros and cons that need to be understood before decisions are made.
The course will alert you about some of the issues and tax risks involved from an Australian tax perspective when investing in Australian property.
This course is a must-see for any New Zealander wanting to invest in Australian property.
Issues covered include:
- An overview of the Australian capital gains tax (CGT) system
- An overview of the Australian main residence exemption and who can qualify
- The determination of an individual’s tax residency and the interaction with the CGT system
- Foreign resident withholding on property purchases
- Foreign ownership surcharges
- Upon satisfactory completion of this webinar you will be able to:
- Have a better understanding of the Australian tax issues affecting New Zealanders investing in Australian property
- Identify potential risk areas and know when to talk to an Australian tax adviser to minimise tax risks
Total CPD Hours: 1.25 (1 hour + 15 min. Q&A)
Anyone who is interested in or who knows someone who is interested in investing in Australian property.
Roelof van der Merwe, National Tax Director – Tax Advisory, Findex Australia
Roelof is the National Tax Director of Findex and has more than 15 years’ experience in Australia delivering practical tax and consulting services. Roelof joined Findex after gaining experience in Big 4 and mid-tier firms.
Roelof helps to ensure that Findex stays up-to-date with the latest developments by interpreting technical tax information in a practical and relevant manner. He has experience on a wide variety of complex tax related topics and has the ability to identify, understand and clearly communicate how the tax law may impact business transactions and taxpayers.
Trevor Pascall, Senior Partner – Tax Advisory, Crowe Australasia
Trevor is currently Senior Partner Tax Advisory at Crowe Horwath Brisbane with lead tax responsibilities for Queensland and northern NSW. He has a broad range of clients across a number of industry groups, including ENR, mining services, property, infrastructure, retirement villages and not-for-profits. Trevor provides advice across the wide spectrum of tax issues, including specialist taxation advice on structuring business, investment and financing transactions, tax governance and ATO disputes/issues, with a principal focus on income tax, resources tax and employment tax matters. Prior to Crowe Horwath, Trevor worked for KPMG and the ATO, including 4 years as Tax Counsel. He is an active presenter at professional seminars and lecturer at The Tax institute’s formal education courses.
Tony Marks, Tax Partner – Specialist Tax Advisory Services, Crowe Australasia
Tony has 30+ years’ experience in company, personal and not-for-profit taxation and in rural fire fighting (as both a volunteer and a staff member). He passionately believes in always acting in a respectful, ethical, professional and honest manner, regardless of the circumstance(s).
Tony values courage; people who take ownership and remain focused, even in difficult circumstances; honour; teamwork and trust.
- 14 June 2021
2:00 pm - 3:15 pm