Property Taxation

The property industry has recognised for some time the financial, compliance and management benefits can be achieved by adopting professional taxation advice by professionals who understand the business of property. Rider Levett Bucknall’s property taxation advisory provides investors, financiers, owners and occupiers with advice to enable them to achieve additional value available from property interests by identifying available benefits.

At Rider Levett Bucknall Advisory we strive to align the investment profile of the properties we review with the most beneficial and practical investment outcome for our clients.

Capital allowances and Tax Depreciation

These allowances are generally available to owners of property as a deduction or adjustment to assessable income attributed to property. Various allowances and deductions are set out in legislation to be offset against income as incentives for future investment. Understanding both the application of this legislation and how it can be applied to various property assets is the key to realising the maximum benefit available. Rider Levett Bucknall pride them selves in keeping abreast of all changes in legislation both in application and software and more importantly understanding how best the application of such legislation may suit particular assets depending on age, condition, cost or classification.

Taxation Advisory (VAT, GST, CGT, Land Tax, Stamp Duty, etc)

Various Taxation systems are subject to continual modifications which impact on the ownership of property.

Rider Levett Bucknall have experienced and qualified staff who can provide proactive reporting and analysis of how these changes may affect Client Real Estate decisions, for example:

  • The removal of wholesale sales tax and implications of Goods and Services Tax and Capital Gains Tax
  • Land tax and rating assessments for properties which have non-standard characteristics when measured against municipality established standards may give rise to reduced land tax and rates
  • Stamp duty and the prospect of substantial savings on “off the plan” sales is still relevant.

Land Remediation Relief

This is available to companies incurring expenditure on the remediation of land, including the demolition of buildings thereon that is dealt with in a contaminated state. The tax relief may be available for both contamination problems in the ground, or in the buildings on that land, such as in the removal of hazardous materials. This is a valuable source of benefit designed to assist in the re-development of contaminated or brown-field sites.

Analysis

The Rider Levett Bucknall Advisory experience in the taxation field provides for all property and associated asset types. Our data has been retained and compiled over many years to enable us to produce dynamic models that can produce in short time frames, accurate indicative analysis for all property situations.

For further information please contact Mark Quinn-Australia
For further information please contact Grant Ewen-New Zealand