Especially when you want to develop any large urban project. You have to cover all the aspects required for building on such scale, for example, transport, and facility management, legal, financial, environmental, social or even religious. This makes the job of project manager complex. Aligning all the people involved in the project in a singular objective is always difficult. Here the master planning consultant steps in, their role is to supervise all the activities and ensuring to achieve the desired result for the success of the project.

Master planning consultant will understand the vision of their clients and try to replicate that version as the output of the project. The role of a master planning consultant is diversified as they will be looking at all the area of the project rather it is finance, legal, material, contractors, developer etc. 

Usually, the master planning services are given by firm as this required integrated planning which cannot be done by a single person. The top task performed by master planning consultants includes site development, as they have ensured that the land should be ready to kick off the development. The readiness of the site is not limited to land only, it has to be approved by all authorities without any disputes.

Even before the site development, master planning consultants are custodian to develop the design and allocation of resources. They must ensure that the design of the area should be ready to be replicated physically and all the resources required, must be in pipeline. 

The master planning consultant will ensure to devise the communication plan for the project. The communication is the most important part of urban planning, as there will be different groups of people working for the project. The communication channel should be simpler and understandable to everyone, as any gap in communication can damage the project and may cause huge financial loss. The master planning consultant must be able to build consensus across the board, so all people can work in synergy. 

Master planning consultant will also assess all social, financial, environmental and economic aspects of the project. As any urban project will have a profound effect on the society, so if not predicted properly that can cause negative impact to the society and people living in it.

Civil engineering is the area which has to be overlooked by the master planner. As the deliverance of the project is the primary goal of master planner, so they have to keep an eye on the project timeline. They have to ensure the project progresses as per planned schedule because delays in large projects can cause huge financial loss.

Below is a concise guidance for you to become familiar with Australia’s property tax system. Some basic taxes are there applicable in buying a new property in Australia, although these taxes may vary from state to state.

VAT (Value added tax) or GST (Goods and services tax) 10% flat rate GST is applicable on supply of goods and services. These include LED real estate display system too. It is also known as VAT. It is always end user or consumer who has to bear this tax ultimately. 

Stamp Duty

In transactions like real estate acquisition agreement or acquiring marketable securities stamp duty is levied. It is also levied on financial transactions like leasing. It is known as the state tax and is applicable on increasing or fixed rate depending on your property valuation. Boston pacific capital reviews will give you detailed information on stamp duty levied in various states. 

Land Tax

This tax is paid annually on the ownership of land. The total unimproved value of land is calculated and tax is paid accordingly. There is a specific date for paying the tax. Boston pacific capital reviews reveal the thresholds and tax rates information for you, as land tax also varies from state to state. It varies over time too.

CGT (Capital Gains Tax)

In Australia capital gains tax is levied only on the realized capital gains and not on the sale of personal property. Any gain from sale of personal property is exempt from CGT. But if the property was not used for any personal use then CGT is levied, for example rental income. For foreign residents in Australia, CGT on assets has been limited. This is done by the government of Australia for enhancing Australia’s appeal thus making it attractive for overseas investors for business environment.

Rental Income tax

Income received from renting out property is taxable. So if you want to save of your money, then pay taxes on time. You should include rental income in your tax return. You can earn this income from various sources like renting out buildings or land, private lodgers and even flat mates.

Inheritance or Wealth Tax

Australia property does not subject to inheritance taxes but some inherited assets might have CGT inference for the beneficiaries.