Miscellaneous 2007

GST and property

Source: South Australia

Published Date: 6 Feb 2007

 

This presentation provides a practical overview of a number of GST issues that commonly arise with property developments and presents case studies dealing with:

  • change of intention - what happens if you change your mind and decide to rent, rather than sell, a development (or vice versa)? Or if you decide to rent after purchasing a 'going concern'?
  • margin scheme - what are the implications of the recent amendments to the rules?
  • residential property vs commercial property - understanding the recent Toyama case and the amendments introduced to reverse Marana Holdings: is a supply of property now subject to GST or input-taxed?
  • retirement villages - are you making input taxed supplies of residential premises, GST-free supplies of accommodation, and/or taxable supplies of additional services? When are maintenance fees input taxed? Dealing with supplies to serviced apartments and supplies by charitable institutions.

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Individual Session

GST and property

Author(s): Michael Butler CTA
Materials from this session:

Details

  • Published By: Michael Butler CTA
  • Published On:6 Feb 2007
  • Took place at:Holiday Inn Adelaide

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