Jim Koutsokostas

Special Counsel

Qualifications: LLB, LLM, BCom

Practices

Jim has over 10 years’ experience providing taxation advice on a broad range of corporate and trust tax matters, with a particular focus on the banking and finance, government and property and construction sectors.

Jim’s expertise extends to all areas of tax law, having advised a number of publicly-listed and large private clients on highly technical and complex matters.

His experience also includes advising on the tax aspects of securitisation structures, development and lease agreements, property sale contracts, structured retail financial products and collective investment vehicles (CIVs), including managed investment trusts.

In addition, Jim has advised on the tax aspects of a number of cross-border transactions, onshore and offshore fund establishment, as well as property and infrastructure projects. He has also advised domestic and foreign financiers on the direct and indirect tax aspects of transactions with respect to distressed entities.

Jim is a Chartered Tax Adviser (CTA) and a member of the Law Society of New South Wales.

Experience

  • Advising fund managers with respect to their managed investment funds, involving the preparation of tax opinions with respect to the creation and the operation of the funds and of tax disclosures in product disclosure statements and information memoranda.
  • Advising on the election into the attribution managed investment trust regime by responsible entities of funds, including the review and amendment of constitutional documents.
  • Advising on a number of trade receivables securitisation programs, in particular the taxation implications arising from series of trade debt purchase facilities.
  • Advising receivers on the income tax and GST implications of the sale and realisation of assets – primarily, real estate assets – held by distressed entities.
  • Advising on the income tax implications arising from property development projects, including reviewing transaction documents from an income tax perspective and analysing the income tax treatment of relevant individual cash flows.
  • Advising government departments on a number of tax issues, including on the GST collection and recovery process associated with the provision of certain paid services, and on obligations under the foreign resident capital gains withholding regime in relation to compulsory and negotiated acquisitions of land.
  • Recently, Jim also advised on the income tax, GST and stamp duty implications of a balance sheet restructure of an ASX-listed group coupled with partial debt forgiveness that facilitated the servicing of existing debt through realisations by administrators of non-core assets and the provision of new debt facilities.

Professional Membership

  • Law Society of New South Wales

Latest thinking

Thinking | 18 Oct 2019

Talking Tax - Issue 174

This week in Talking Tax we take a look at the High Court’s long-awaited decision in the Sharpcan appeal and the recently announced NSW land tax amnesty. We also consider a draft PCG on the ATO’s compliance approach to GST apportionment of acquisitions that relate to certain financial supplies and the ATO’s decision to appeal the Federal Court’s decision in the Glencore transfer pricing case.