Land tax issues for deceased estates in SA: new rules effective 1 July 2020

Course ID CS200601_WEP1

  • Online
  • 1.5
  • Foundation
  • 1.5 CPD POINTS

Due to COVID-19 this program will now be delivered online. 

If you have any questions, please contact our Client Services team on Tel 02 9965 7111 or 1300 506 402 or email cpd@collaw.edu.au

Land tax issues for deceased estates: new rules effective 1 July 2020

Today South Australian Land Tax does not impose any specific requirements on the executor or administrator of a deceased estate. On 1 July that will change. If you are advising the LPR of an estate holding land in South Australia you will need to advise on documentation they are required to file with the Commissioner of State Revenue both during and after the administration.

Julie Van der Velde, Founder and Principal of VdV Legal will present this practical lecture on how the new land tax rules operate in respect of trusts and estates and the specific issues you, as adviser must manage in the course of an administration. We also consider changes which mean land tax will become a consideration in developing some estate plans.

Price

Full Price $150

Alumni/Member Price $135

Dates

Start date:

16 June 2020

End date:

16 June 2020

Time:

5:15PM - 6:45PM

Location:

This course will now be delivered online

About This Course

Overview

Attend this workshop and you will:

  • Gain an understanding of the new legislation and its operation
  • Learn how land tax is applied to different forms of trust estate
  • Learn how land tax is applied to a deceased estate
  • Learn how land tax is applied to a testamentary trust
  • Understand where and how land tax considerations have changed in estate planning
  • Recognise when the principle place of residence land tax exemption is affected
  • Identify information which is required to be reported to the Commissioner of State Taxes by an LPR holding land
  • Receive practical guidance on when and how that information is to be reported

Designed for

All wills and estates practitioners and those assisting with the administration of estates, those who are returning to this field, as well as practitioners moving from other fields of law.

 

Presenter biography

Julie Van der Velde, B.SC. BUSINESS ADMINISTRATION (HONS); LLB (HONS); GDLP; MTAX; FTIA; FCPA; CTA; TEP

Julie Van der Velde is the founder and principal of VdV Legal a specialist commercial practice in the Adelaide CBD, focused on taxation law and wealth management structures. Julie works with businesses, accountants and other law firms, providing clear and commercial tax and equity opinions and advices for a variety of structures and transactions. With over 20 years of experience specialising in small and medium business structures and their succession issues Julie understands commercial operations and can work with businesses and their advisers to help ensure optimal outcomes. Julie has a particular interest and significant expertise in taxation and revenue law, intergenerational transfer, business succession, estate planning and superannuation.

Julie understands commercial operations and family business and the importance of providing clear and commercially useful opinions and advices.

Julie is a founder member of the Society of Trust and Estate Practitioners in South Australia and currently co Chair of the South Australian Branch.

Julie is a Chartered Tax Adviser, a Fellow of the Tax Institute, a Fellow of CPA Australia and a registered Trust and Estate Practitioner. She is a recommended Taxation Lawyer and a recommended Wills and Estate Planning Lawyer in Doyles Guide for 2017, 2018 and 2019 and winner of the prestigious Tax Institute Chartered SME Tax Adviser of the Year award in 2017. She is also a regular presenter on taxation, trusts and commercial matters for many professional bodies throughout South Australia.  

 

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