Hall Chadwick QLD has over 40 years of experience in providing strategic, high-level consulting advice to the property industry including property developers, property builders, speculators and long term investors.
Our unique, personal and professional experience allows us to understand the challenges faced by the industry and the solutions that may be available. Our approach is to gain comprehensive knowledge of your business, so that we can provide you with robust advice to maximise your commercial objectives.
Taxation
We offer advice in many areas of taxation, by way of example some of these
include:
- 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
We can prepare advice on:
- The application of accounting standards to all types of structures
- The preparation of statutory accounts, as required by ASIC
- The preparation of consolidated financial statements for company groups
Business Structuring for Growth and Effective Tax Structuring
To help your business optimise it’s tax position, we can provide advice on the following matters:
- 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)
- Winding up of entities/exit strategy
Contracts/Agreements/Constitutional Documents
We can review contracts, agreements and constitutional documents to provide advice on:
- 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 Disposal
- 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
Audits
We have experience providing audit services and advice to clients in this sector including:
- Preparation of Independent Audit Review Reports for QBCC Licensing Requirements
- Assistance with ATO GST audits
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 and Finance
- Provide assistance in applications for facilities for a wide variety of transactions including working capital requirements, property and business finance
- Facilitate family and corporate transactions and restructures
We also maintain close relationships with brokers and the business divisions of the major banks and finance brokers in the commercial and residential market who are more than happy to assist our clients.
Estate and Succession Planning
We have advised a large number of clients on succession planning, this often involves passing the business and assets from one generation to the next. Key areas of expertise we can provide advice on:
- Transferring goodwill inherent in the owner to the business, enabling a business sale
- Creating strategies for planning an owners exit up to 5 years in advance
- Extracting wealth from the business for the owners personally
- Implementation of Employee Share Plans and management buy outs
- Safeguarding assets from insolvency and marital breakdowns. We also have close, long-term, relationships with legal experts working in this field
