Contact Adam

E: [email protected]
T: +61 2 8226 4500

Biography
Publications

Adam Crowley
Partner - Sydney

Office : Sydney

Service : Business Advisory Services

Sectors : Property and Construction, Information technology, Hospitality

Biography

Adam is a Director of RSM Australia and the National Leader of Property and Construction. Adam has over 15 years’ experience in accounting, taxation and business advisory, specialising in all areas of the property and construction industries.

Adam provides accounting, business advisory, tax consulting and compliance services to his clients, both locally and internationally.

Adam Crowley is a Partner of RSM Australia Partners and a Director of RSM Australia Pty Ltd.

Solutions ADAM provides

Adam has expertise in:

property development structuring
financing and debt structuring
income tax and capital gains tax
GST margin scheme and going concern
FBT, stamp duty and land taxes
corporate consolidations and reconstructions
inbound and outbound investment
corporate taxation and transaction advisory
group restructuring and tax consolidation
tax structuring and due diligence

Adam specialises in all areas of the property and construction industries including:

commercial and residential property development
land subdivisions
property investment
listed property groups
real estate investment trusts
managed investment trust structures
commercial construction
home builders
infrastructure projects

Significant projects

Taxation advice for the structuring of a property development groups multinational business operations in Australia, Hong Kong, Singapore and China
GST margin scheme and stamp duty advice for a client’s acquisition, subdivision and development of residential land
Advice in relation to transfer duty for a foreign-owned development group under corporate consolidation and reconstruction exemptions
Taxation advice in relation to the restructure and tax consolidation of a large property development group for IPO
Support for various client taxation audits and reviews with the Australian Taxation Office

Professional associations

Member, Chartered Accountants Australia and New Zealand
Member, The Tax Institute, Australia
Member, Urban Development Institute of Australia

Qualifications

Juris Doctor Law - University NSW (in progress)
Master of Taxation - Sydney University
Bachelor of Business and Commerce

Publications

Discretionary trusts, non-TAP gains, and foreign beneficiaries

23 June 2020

Adam Crowley was featured in the latest issue of the Taxation in Australia Journal for his article on "Discretionary trusts, non-TAP gains, and foreign beneficiaries". INTRODUCTION The foundations of a sound tax system are built on the notions of efficiency, equity and simplicity.[1] Put simply, this means that the tax system should minimis...

Are you eligible for the new HomeBuilder program?

10 June 2020

In an effort to support jobs in the residential construction sector, Scott Morrison has recently announced the introduction of the new HomeBuilder program. The HomeBuilder program provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home where the contra...

Property and Development Series

5 June 2020

RSM has been providing accounting, taxation and advisory services to clients operating in the Australian property industry (property development and construction, property management and property investment), for many years. Throughout that time, we have seen a wide variety of property transactions, each with their own issues and complexities. Fr...

Issues with NSW Stamp Duty

21 April 2020

Having surveyed those in the property development industry for many years, the only thing that developers seem to dislike more than paying stamp duty, is paying stamp duty twice on the same property. Although this may arise in a variety of circumstances, the most common is when a developer that has completed the purchase of property in one enti...

Assisting commercial tenants with the impact of COVID-19

21 April 2020

With the recent release of the Mandatory Code of Conduct (the Code) governing commercial leasing arrangements, landlords and their tenants are required to engage in good faith negotiations in respect of rental reductions in the form of waivers and deferrals to help mitigate the financial stress and hardship suffered as a direct result of the COVID-...

Assisting commercial landlords with the impact of COVID-19

21 April 2020

With the recent release of the Mandatory Code of Conduct (the Code) governing commercial leasing arrangements, landlords and their tenants are required to engage in good-faith negotiations in respect of rental reductions in the form of rent waivers and deferrals to help mitigate the financial stress and hardship suffered as a direct result of the C...

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. The Code comes into effect from 3 April 2020. The purpose of the Code is to impose a set of “good faith leasing principles” to be applied in relation to existing commercial leasing arrangements...

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%.' Unfortunately, as those operating in the property development sector will know, the application of GST to property transactions can become highly complex, and given the quantum of the figures invo...

The “Proportionality Principle” for landlords and commercial tenants

7 April 2020

In an announcement on 7 April 2020, Scott Morrison provided detail concerning the mandatory code of practice for landlords and commercial tenants in response to COVID-19. The desired outcomes of the code appear relatively simple: to preserve the landlord and tenant relationship, to keep the tenant in the property, and to preserve the lease that ...

Impact of COVID-19 on Small and Medium-Sized Businesses (SMEs)

23 March 2020

Enhanced instant asset write-off Immediate deduction for eligible assets1 costing less than $150,000 (excluding GST credits) first used or installed ready for use between 12 March 2020 to 30 June 2020. The cost threshold applies on a per asset basis, allowing an immediate deduction for multiple assets. This measure applies to both ...

How to structure property development?

8 January 2020

Changes in Purpose Typically, property developers will aim to structure a property development with one of three desired outcomes in mind: develop, and sell all; develop, sell some, and retain the rest; develop, and retain all. Where this intention is known prior to undertaking the property development proje...

Funding your property development

17 October 2019

For many developers, the question that inevitably arises is how the property development should be (or could be) funded. In answering this question, various factors need to be considered in the context of the particular facts and circumstances of each developer and the proposed development. Given the industry is so capital intensive, access t...

How legal structures have a far-reaching impact on your property development

9 July 2019

Determining the best structure for your property development can get complex. The success or failure of any good property development all starts with having strong footings and a solid foundation. If the foundation is defective, the construction that follows is undermined, and the costs to rectify are significant. Just as it applies when using...

Case study: Rise Group (Rise Projects and Rise Products)

21 June 2019

Rise Group is a property development and construction company with a strong background in delivering high-quality projects across New South Wales and Queensland. Formed in 2007, they pride themselves on their quality, architecturally designed and sustainable housing, in prime locations at affordable prices. With their head office in North S...

Case study: Jotown International

30 May 2019

Consistent, stable growth at a healthy pace is Jotown International’s priority and focus. Established in 2007, Jotown International is an evolving property developer specialising in land subdivision, complex residential building and apartment development. They have delivered an extensive portfolio of projects across NSW and QLD and also m...

Case study: Rilow Property Group

27 June 2018

In less than 10 years, founder of RILOW Property Group Richard Whitehead has done what some property developers can only dream of achieving in a lifetime. Renowned for building individually crafted, beautiful and functional homes throughout Sydney and its surrounds, Richard and his team have designed and built over 1,000 homes, all the while ad...

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: An additional 4% surcharge purchaser duty on the purchase of residential real estate in NSW by foreign persons effective fr...

RevenueSA Job Accelerator Grant Scheme

30 September 2016

The South Australian Office of State Revenue (RevenueSA) has established a Job Accelerator Grant Scheme to encourage South Australian businesses to employ additional full-time, part-time and casual employees. HOW DOES THE SCHEME WORK? Under the scheme, eligible businesses that hire employees in South Australia are able to apply for gran...