NEWS

Taxpayer alert – Property held in trust

May 2015

The ATO has issued a taxpayer alert in relation to property that is held in a trust, and developed by taxpayers with the subsequent profit being treated as Capital Gains instead of ordinary income. Please contact our office to discuss any concerns you may have surrounding this and your business/investment activity.

The relevant Taxpayer Alert can be accessed at:

http://law.ato.gov.au/atolaw/view.htm?docid=TPA/TA20141/NAT/ATO/00001