Construction/Property Development

Williams Hall Chadwick specialises in strategic, high-level consulting advice to the property industry including property developers, property builders, speculators and long term investors.

Areas in which we can provide advice include:

Taxation

  • Detailed specialist knowledge of industry specific issues including trading stock provisions
  • Regular detailed taxation planning process conducted prior to year end to optimise the tax position of a business

Accounting

  • Provision of accounting services to all types of structures

Business Structuring for Growth and effective Tax Structuring

  • Analysis of the objectives of the owners both at the entity level and the personal level
  • Selection of entity to purchase property – trust, company, joint venture, partnership, superfund, co-ownership etc. Considering issues such as:
      • Minimisation of income tax and CGT where applicable
      • How to realise/maintain property value post business operations into retirement
      • Stamp Duty implications of property transactions
      • Distribution of income
      • Income sources for future expansion
      • Asset protection (i.e. for entity and investors)
  • Estate and succession planning
  • Winding up of entities/exit strategy

Contracts/Agreements/Constitutional documents

  • Evaluation of the impact of GST, income tax and other taxation and commercial issues
  • Reviewing trust deeds in relation to ability to borrow funds, distribute income and capital, ultimate beneficiary clauses
  • Creating of rights and options i.e. pre-emptive rights of purchase

 Asset acquisition and disposals

  • Due diligence services on sale or purchase of property transactions
  • Maximising deductions on property demolitions, redevelopments
  • Deducting pre-trading activities – GST credits, tax deductibility (black hole expenditure)
  • Deductibility of interest, depreciation of property, fixtures, chattels
  • Minimising CGT on land sales
  • GST – going concern, margin scheme, GST-free sales, input taxed
  • Identifying Stamp Duty issues
  • Property transfers within group / related entities – stamp duties, CGT rollover, cost base, tax payable, consideration
  • We have been closely involved in family and corporate transactions predominantly in the $2m to $10m range

GST

  • Construction contracts – review of issues on transition to GST
  • Sale of premises – gross margin scheme, going concern provisions
  • Joint venture operations – implications on parties
  • Claiming input tax credits on acquisitions, ongoing supplies and apportionment methodologies
  • GST review of operations, including BAS preparation
  • Change of creditable purpose calculations
  • Advice in relation to what constitutes ‘new’ residential property

Banking & Financing

  • Our firm has close relationships with the property divisions of NAB, CBA, ANZ, Westpac & Bank of Qld
  • Multiple successful applications for agribusiness facilities for a wide variety of transactions including property & business acquisitions, carry on funding and working capital requirements
  • We have extensive experience in assisting clients when issues arise with current financing arrangements and ongoing viability issues including liaising with banks

Audits

  • Preparation of Independent Audit Review Reports for QBCC Licensing Requirements
  • Assistance with ATO GST audits

 

Director Contacts

Rob Sendall
JB Danga
Craig Torry


Level 19, 144 Edward Street, Brisbane Qld 4000   |   (07) 3221 2416
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