Transcription of Is your client a property developer? - Pitcher Partners
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Is your client a property developer ?Disclaimer // The material and opinions in this paper are those of the author and should not be taken as specific advice for any person or entity. The material and opinions in this paper should not be used or treated as professional advice and readers should rely on their own enquiries or seek professional advice specific to their circumstances in making any decisions concerning their own interests. Copyright Scott McGill, Pitcher Partners Introduction and overview What are the issues to be aware of? 12. Assumed knowledge Tax treatment of property realisations What happens when you lose money?
2. Assumed knowledge That ultimate sale will be both a CGT event at the time of contract, and income or loss for ordinary income purposes when completed.
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