RSM Australia

Commercial Real Estate

Commercial Businesss Services

 

Our clients comprise developers and operators of commercial property including offices, shopping centres and industrial property.

RSM provides accounting, taxation and financial advisory services to both local or foreign residents clients operating in the Australian commercial property sector. 

Our team advises private and listed commercial real estate businesses on a wide spectrum of accounting issues including income recognition under AASB 15, pre-sale restructures, the establishment of tax efficient legal structures and financial modelling.

Property Management Business Services

We can offer you:


Tax

  • Advice on tax implications of legal structures including REITs, joint-ventures and Managed Investment Trusts (MITs and AMITs)
  • Debt structuring, including thin capitalisation and withholding tax
  • Legal contract review
  • Capital gains tax
  • CGT withholding tax
  • Div 243 limited recourse debt claw-backs
  • Capital allowances
  • Tax compliance, including income recognition for long-term contracts
  • Land tax and stamp duty

Transactions

  • Transactional services and due diligence
  • Managing sale process for asset divestment
  • Valuations
  • Capital market support, including assistance with ASX listings and Investigating Accountant Reports (IERs) for capital raisings
  • Financial model preparation and financial model reviews

Assurance & Advisory

  • Financial reporting and advice
  • Financial statement audits
  • Regulatory technical advice

Business Advisory

  • Preparation of financial statements
  • External CFO services and in-house accounting function
  • Advisory services to owners/management including cashflow analysis (Estate Master)
  • Provision of payroll service administration

     


Case study: Fidem Property Group

19 November 2020
THE BACKGROUND

Structuring your property investment to suit your needs

30 October 2020
One of the most important steps when taking the plunge into property investment is also one of the most overlooked parts of the process. Making sure your investment is set up in the correct structure from the beginning can ensure that serious, and expensive, ramifications are avoided down the track.

Rental property FAQ's and common issues tackled

17 August 2020
During these uncertain times of COVID-19, some clients have used the time to assess their finances and plans for the future.

SMSFs and property acquisitions

17 August 2020
Recently released ATO data has revealed a surge in new SMSF registrations, with new establishments increasing by 35% in the March 2020 quarter.

Queensland foreign owner land tax surcharge: Ex gratia relief guidelines

20 July 2020
In last year’s State Budget, the Queensland Government unexpectedly announced an immediate 2% surcharge on the Queensland land tax liabilities of foreign companies and trustees of foreign trusts (collectively, “foreign owners”).

WA Building Bonus Scheme

22 June 2020
With the release of the HomeBuilder program nationally, the WA State Government has announced its own separate support package for the home building industry with the announcement of its WA Building Bonus Scheme and the extension of its single-tier strata scheme.

WA State Government relief for commercial tenants and landlords

6 May 2020
Financial Relief – WA Commercial Tenants and Landlords

Land tax relief for landlords and tenants

30 April 2020
Land tax relief for landlords and tenants following the release of the Mandatory Code of Conduct The National Cabinet recently signed off on the Mandatory Code of Conduct (“the Code”) for commercial landlords and tenants, which included a set of “good faith leasing principles”. 

Rent relief for commercial tenants and detailed information for landlords

9 April 2020
The National Cabinet has recently released its Mandatory Code of Conduct (the Code) for landlords and commercial tenants in response to COVID-19.

Dealing with GST

8 April 2020
For most businesses operating in Australia, GST is fairly straight forward. As many of our clients are quick to remind us, ‘you just add 10%.' 

Negative Gearing of Vacant Land - is this the beginning of the end?

6 September 2019
The Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 was introduced to Parliament on 24 July 2019. One significant measure of the Bill is the introduction of proposed legislation to limit deductions for losses or outgoings incurred in relation to holding vacant land.

Revenue recognition in construction industry

26 November 2018
The adoption date for AASB 15 Revenue from Contracts with Customers is for financial periods beginning on or after 1 January 2018. With 31 December 2018 year end fast approaching, have you ensured your revenue accounting is in accordance with the new standard?

New 12.5 percent withholding tax on property transactions

7 June 2017
To ensure Australia captures as much tax as possible from property transactions a new withholding tax has been introduced and will apply to contracts entered into on or after 1 July 2017. Under the new provisions where a foreign resident disposes of:

Non-resident? Understand the new NSW property taxes that could affect you

21 November 2016
If you are a ‘foreign person’, you may now find yourself subject to two additional surcharges recently introduced in NSW regarding residential land and real estate purchased and owned. The two new surcharges include:

Budget 2016 - Property & Construction

4 May 2016
Key announcements No changes to negative gearing as expected.  National Infrastructure Plan – the Government reaffirmed its commitment to invest $50 billion in infrastructure in relation to various projects across the States and Territories.

DOWNLOAD YOUR COPY

In the wake of recent fraud cases, real estate agents are now under greater scrutiny from regulatory authorities, as well as the general public.

RSM can reduce the risk to your business and protect your reputation. In addition to issuing the compliance audit report, we can review your financial systems and current accounting practices to provide recommendations for improvement to your business.


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Account Audit


Trust Account Audit Statement

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