StudentShare solutions
Got a tricky question? Receive an answer from students like you! Try us!

Essay example - UWS property taxation and finance

Only on StudentShare
Finance & Accounting
Pages 6 (1506 words)
The paper provides a full funding analysis and interpretation for Mirvac Property Trust financial Structure. It further discusses the development funding, Average Weighted Cost of Capital, Internal Rate of Return, and management burden for the Mirvac Property Trust…

Extract of sample

UWS property taxation and finance

The Mirvac Property Trust has two development funding; Meadow Springs and Seascapes. The Meadow Springs Estate is a residential estate located around and within a championship golf course in Mandurah (Compton, 2000). The estate is located approximately seventy five kilometers south of the Perth Central Business District. Meadow Springs is serviced by the Mandurah railway and Perth, allowing an easy commute for the Perth workers. The area has various shops, stores, and supermarkets located within the area. Mandurah area features various recreational facilities like restaurants, cinema complex, walkways, and parks. Meadow Springs is therefore a residential development site valued at $15.8M. The Mirvac Development Fund for Seascapes is closed end, unlisted, single project fund. The investment strategy for the fund is maximizing the value of investors by offering returns the development and investment of subdivision project and quality land (Harriss, 2008). Seascapes are a residential community located in Mandurah located seventy five kilometers Perth South. The project is comprised of the development of forty eight hectare land with subunits approval for five hundred and fifty five residential Lots in addition to a Grouped Housing Site. Seascapes are extended to view the foreshore of the Indian Ocean and are celebrated by tourists and residents alike for its relaxed atmosphere, waterways, and beaches. The property type for Seascapes is a residential development site valued at $23.6M ...
Download paper
Not exactly what you need?

Related papers

50,760.34 Salary - Tax - NIC Tax brackets Income 10% (starting rate for savings only) 0 - ?2,560 20% for basic rate 0 - ?35,000 40% for higher rate ?35,001 - ?150,000 50% for additional rate Over ?150,000 (HM revenue and Customs 480 (2011) The liability of income tax payable from the above computation is ?25,718.3. A deduction of personal allowance of 7,475 is made in the year 2011/2012 (Great…
8 pages (2008 words)
Whether someone is employed or self employed depends upon the terms and conditions of relevant engagement. The tax and National Insurance contributions (NICs) rules do, however have special rules that apply to certain special categories of workers in certain circumstances. If you work for someone else it is important to know whether you are working for that person in employed capacity or in a…
Finance and Accounting Essay: The U.K taxation system
However, if people receive benefits or perks from their employer, they may be taxable (Adam, Kaplan and Institute for Fiscal Studies, 2002). Income from partnerships or self-employment, pension income such as state pension, retirement annuity and personal or company pension, are also taxable as stated in the UK tax laws. Additionally, pensioner bonds, trust income and investment income, includes…
10 pages (2510 words)
If anyone has an income below the income tax personal allowance, he is not supposed to pay any tax however if the earnings of an individual is above the tax allowance then he is supposed to pay according to his earnings above this level. There are different tax bands and every tax band has a different tax rate (Income Tax Rates and Allowances). Corporation tax Corporation tax refers to the tax on…
10 pages (2510 words)
Public and Private Finance in Property
In other words, budget deficit is the difference between government’s income and its expenditure. Presently the UK government is indebted owing to the fact it has been spending more than its revenue and therefore this report will focus on the cause of UK indebtedness and the ways (fiscal and monetary) of reducing the level of debt. Government Revenue It is noteworthy that the bulk of the UK…
6 pages (1506 words)
Back in 2002, the government introduced new reforms on company cars. The company car tax reform encourages people to buy of choose cars with lower levels of carbon dioxide (CO2) emissions. Purposely, the reforms are aimed at tackling changes in climate and greenhouse gas emissions. Also, it also encourages manufacturers to introduce greener cars. As a result, businesses should evaluate their…
5 pages (1255 words)
These two systems worked independently in the past and the tax authorities maintained separate tax systems for income tax and national insurance contributions. Income tax was taxed annually in a progressive manner on individuals and corporate bodies whereby low income earners were taxed lower than high income earners (UK Government, 2012). The tax rates increased with increase in incomes of…
8 pages (2008 words)