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In recent years the real estate industry has undergone significant change. This has been from many different directions, be it globalisation of capital flows (inward and outward investment), proposed changes in tax treatment for REITs (Real Estate Investment Trusts) in Europe, asset price pressures in Australia and the USA caused by capitalisation rate compression and of course changes in international accounting standards. The move to Australian Equivalents to International Financial Reporting Standards (A-IFRS) over the last couple of years has presented unique problems and accounting outcomes in the property industry. View the issues and trends to see how Deloitte can help.  | | Real estate update - surveying the landscape
In this issue we give an overview of the economy and the potential impact of the draft REITs legislation. We also cover the implications of the introduction of the new Construction Industry Scheme in April 2007, the role of partnerships in real estate structures and the Employment Status Declaration. Finally we provide a brief summary of the proposed changes to the VAT legislation on the option to tax included in the 2006 Budget. Learn more |
  
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