Miscellaneous 2008

GST in an uncertain economy

Source: New South Wales

Published Date: 6 Nov 2008

 

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GST consequences of managing rights, obligations and debts. This paper explores the GST issues that may be encountered in this environment including:

  • cancelled debts and bad debts
  • making guarantee payments
  • debt to equity swaps
  • litigation - court orders and out of court settlements
  • re-organising contractual obligations for consideration
  • terminating contracts - cancellation fees, liquidated damages and forfeited deposits
  • input tax credits for acquisitions relating to ceased activities.

Individual Session

GST in an uncertain economy

Author(s): Ross Stitt
Materials from this session:

Details

  • Published By: Ross Stitt
  • Published On:6 Nov 2008
  • Took place at:Swissotel, Sydney

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