Question 3: Taxation of Property Investments

With reference to what you have learned in the course, discuss how property investments are taxed? In answering this question address the following aspects:

a) What are the two primary legislation/laws governing the taxation of property investments in Fiji. (1 mark)

b) With reference to the Fijis as a case study, discuss what constitutes income from real estate? (2 marks)

c) Discuss what are the categories of exemptions to capital gain tax in Fiji? (2 marks) d) Lastly in what events will there be a deferment in the assessment of capital gains even when a disposal event has occurred? (2 marks)