Purchase price allocation tax changes, are you ready?
New changes to tax rules relating to the allocation of purchase price for mixed asset transactions, including commercial property, will be taking effect from 1 July 2021. Phil Overend summarises the upcoming requirements and how this could be advantageous for commercial property vendors.
Are you making the most of the surprise benefits for commercial real estate thanks to COVID-19?
Commercial real estate is reaping surprise benefits as a result of COVID-19 due to the Government’s stimulus package. Phil Overend explains how the reintroduction of depreciation on non-residential building structures works and what commercial property owners can do to take advantage of this change.