Describe the key features of Stamp Duties Act 1929 (SDA) in relation to properties.

Determine if a sale and purchase (including subsale) is subject to buyer’s stamp duties (BSD), additional buyer’s stamp duties (ABSD) and/or seller’s stamp duty (SSD).

Determine the buyer’s stamp duties (BSD), additional buyer’s stamp duties (ABSD), seller’s stamp duty (SSD), property tax, income tax and goods and services tax (GST) payable in relation to properties.

Describe the types of property and circumstances where ABSD and/or SSD are exempted or remitted on application.

Compute the stamp duty on mortgage.

Compute the stamp duty on lease or tenancy.

Apply the considerations for granting owneroccupier’s concession and compute property tax for owner-occupied dwelling house and other properties.

Explain the conditions for property tax remission, including residential properties undergoing addition and alteration works and construction.

Explain the criteria that determine whether a person is deemed to be trading in properties and subjected to income tax.

Determine the deductible and non-deductible expenses from rental income.

Apply the knowledge for the terms “taxable person”, “taxable supply” and “exempt supply”.

Compute GST on property sale, lease and agency services.