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February 10, 2024
What Can You Expect?
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INDUSTRY EXPERT
Our Industry Experts present on topics relevant to you and address the challenges that you will face on your property development journey
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REAL DEAL
These are members of the community presenting their own deals, showcasing the good / bad and the sometimes 'ugly'
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MASTERMINDING
Our very unique Masterminding process where we help you to overcome your current challenges so that you can achieve a successful return
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+ NETWORKING
Don't forget the after meeting drinks...where many a JV partnership is found and at times this part can go for as long as the formal meeting, so be sure to get a 'leave pass' to join us!
Taxation Tips & Traps (Nexia Edwards Marshall) & 5 Lot Land Subdivision (Karen Baldwin)
Bringing together the collective knowledge & experience of your local community to assist you in progressing on your Property Development journey.
In-Person: 1:30 pm (Adelaide) to 'Mingle With The Expert'
Virtual: 2pm (Adelaide time)
In-Person: 1:30 pm (Adelaide) to 'Mingle With The Expert'
Virtual: 2pm (Adelaide time)
Nexia Edwards Marshall - George Papanicolaou & Paul Dimasi
Paul Dimasi’s expertise covers areas including individual and corporate income tax, GST and CGT. Paul is particularly interested in property and the construction industry, and works with clients involved in property development and town planning, concreting, building, fabrication, plumbing and various other trades.
George Papanicolaou combines his sound taxation knowledge together with his expertise in South Australian State Taxes to help achieve great outcomes for his clients. This knowledge is invaluable when advising clients on the tax implications on property acquisitions, business restructuring and estate planning.
Nexia Edwards Marshall has a long and proven track record in the property and construction industry, having served clients ranging from large-scale developers, building contractors and suppliers through to fund managers and individual investors. Their specialist knowledge and key insights into this dynamic and changeable sector means they can offer up-to-date, expert advice.
George Papanicolaou combines his sound taxation knowledge together with his expertise in South Australian State Taxes to help achieve great outcomes for his clients. This knowledge is invaluable when advising clients on the tax implications on property acquisitions, business restructuring and estate planning.
Nexia Edwards Marshall has a long and proven track record in the property and construction industry, having served clients ranging from large-scale developers, building contractors and suppliers through to fund managers and individual investors. Their specialist knowledge and key insights into this dynamic and changeable sector means they can offer up-to-date, expert advice.
Industry Expert
Taxation Tips & Traps
Do you know the difference between undertaking a once off project “profit making scheme”, compared with “carrying on business” as a property developer? Where is the line as far at the ATO is concerned?
What many people don’t realise is that depending on which category you fall into, there can be significantly different tax & cash flow outcomes. Getting it wrong when preparing your feaso could be disastrous to your bottom line!
I get it – it is confusing! There are potentially different tax outcomes that can apply as well as once-off and recurring State taxes to consider!
To help clear up the confusion we have Paul & George from Nexia Edwards Marshall’s Property & Construction team joining us to explain:
- Summary of various tax structures
- Developers vs Once-off transactions
- Declaration of Trusts
- GST Margin Scheme / GST Claw Back
- Land Tax
- Main Residence Exemption
- Contractors
- SMSF’s
Don’t get caught out with an unexpected tax surprise! Come along to this meetup to get the tips & traps from our Accounting/ Tax Experts for property related transactions!
Do you know the difference between undertaking a once off project “profit making scheme”, compared with “carrying on business” as a property developer? Where is the line as far at the ATO is concerned?
What many people don’t realise is that depending on which category you fall into, there can be significantly different tax & cash flow outcomes. Getting it wrong when preparing your feaso could be disastrous to your bottom line!
I get it – it is confusing! There are potentially different tax outcomes that can apply as well as once-off and recurring State taxes to consider!
To help clear up the confusion we have Paul & George from Nexia Edwards Marshall’s Property & Construction team joining us to explain:
- Summary of various tax structures
- Developers vs Once-off transactions
- Declaration of Trusts
- GST Margin Scheme / GST Claw Back
- Land Tax
- Main Residence Exemption
- Contractors
- SMSF’s
Don’t get caught out with an unexpected tax surprise! Come along to this meetup to get the tips & traps from our Accounting/ Tax Experts for property related transactions!
Karen Baldwin
Rainmaker Property is Karen Baldwin and Scott Ellis. They started their active property journey as cosmetic renovators and have done in excess of 60 cosmetic and structural renovations in the past 10 years. As is often the way with renovators, they "evolved" into property development about four years ago as they wanted to do deals that were less hands on and with healthier returns. Since then they have done numerous land subdivision projects as well as several developments. Current projects include 3 x 2 storey homes at Torrens Park, 7 Affordable Housing townhouses at Oaklands Park and a 23 lot subdivision on the Yorke Peninsula, and are in the process of completing construction of 9 townhouses at Bedford Park.
'Real Deal' Presentation
5 Lot Land Subdivision
2636m2, General Neighbourhood Zone, Tea Tree Gully - City of Tea Tree Gully, South Australia
Would you bid at auction on a property that was used as a clay mine in the 1880s and then collapsed in 1956?!?!
Think about it… you’d need an A-Team that you could absolutely trust to navigate a project like this through Council!
Karen and her JV partner did just that - and stayed on track to their goal of this being as positive, and profitable, experience as possible… despite all the challenges on their path:
- JV partner changed employment & lender would no longer finance the deal!
- Fancy footwork at the 11th hour to have finance in place in time for settlement.
- Interest rate rises, steep escalation in building costs and horror stories of builders going bust…
- Land sales ground to a halt – selling price adjustments followed.
- Council asked for ground penetrating radar testing to a depth of 35 metres! Whaaaaat????
- Council/DTI refused access from road resulting in a re-design.
Curious how they worked through the unique circumstances of this project? Come along to this month’s Meetup to find out and learn from Karen’s years of property experience!
2636m2, General Neighbourhood Zone, Tea Tree Gully - City of Tea Tree Gully, South Australia
Would you bid at auction on a property that was used as a clay mine in the 1880s and then collapsed in 1956?!?!
Think about it… you’d need an A-Team that you could absolutely trust to navigate a project like this through Council!
Karen and her JV partner did just that - and stayed on track to their goal of this being as positive, and profitable, experience as possible… despite all the challenges on their path:
- JV partner changed employment & lender would no longer finance the deal!
- Fancy footwork at the 11th hour to have finance in place in time for settlement.
- Interest rate rises, steep escalation in building costs and horror stories of builders going bust…
- Land sales ground to a halt – selling price adjustments followed.
- Council asked for ground penetrating radar testing to a depth of 35 metres! Whaaaaat????
- Council/DTI refused access from road resulting in a re-design.
Curious how they worked through the unique circumstances of this project? Come along to this month’s Meetup to find out and learn from Karen’s years of property experience!
Event Location
February 10, 2024
Stamford Plaza Adelaide
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Pricing & Ticket Options
Pricing & Ticket Options
'Existing Annual Member' (Included for you, simply RSVP below)
'Casual Attendee' ($25 for 1 meeting only)
'Annual Member' ($250/year)
OR.....If it's your FIRST TIME
You can trial our PDN Annual Membership for JUST $1!
'Existing Annual Member' (Included for you, simply RSVP below)
'Casual Attendee' ($25 for 1 meeting only)
'Annual Member' ($250/year)
OR.....If it's your FIRST TIME
You can trial our PDN Annual Membership for JUST $1!
February 10, 2024
**Space Is Limited - RSVP NOW**
Partners & Affiliates
Partners & Affiliates
