Navigating GST Complexities in Property Matters - a live half-day online conference
conference
Wednesday 22 May 2019 – live online:

Vic, NSW, Tas, ACT, Qld – 1.30pm to 5pm
SA/NT 1.00pm to 4.30pm
WA 11.30am to 3pm

REGISTER NOW!
8 WEEKS
UNTIL THE EVENT
.   .
 ABOUT THE ONLINE CONFERENCE

You can put your staff in the boardroom and watch it there.  You can watch it on your computer or on your portable electronic device.  All for the same low price.

The conference will be based on our highly successful video webinar technology: there’ll be a chairperson, a panel of experts, presentations and discussion – and you’ll have an opportunity to ask questions.


Session 1:  Calculating the Margin Scheme in Property Matters: Practical Compliance Imperatives

Beyond the technical operation of Division 75, the use of the margin scheme requires understanding the practical implications of how it will apply to specific scenarios. This session steps through the use of the margin scheme in specific facts and circumstances, including:

  • Using lookback to support the margin scheme when the property was bought as part of going concern:

    • Best practice ways to manage at the time of transaction

    • Options to get lookback information post facto

  • Worked examples of how to calculate margin scheme on common scenarios including:

    • Sale of two townhouses on subdivided suburban block, one being a 4-bedroom three storey townhouse and one being a 3-bedroom two storey townhouse

    • Mixed used acquisition: sale of property with retail shop at ground floor and residential apartment at first floor

    • Supply of land acquired before 1 July 2000


Session 2:  Variations on a Theme of GST Clauses

Every tax adviser has experienced the last-minute request to review the GST clause in a sales agreement. How do you know whether it’s fit for purpose? This session steps through the components of a standard GST clause and then explores how this might vary for different scenarios including for:

  • Farm land sales

  • Supply of a going concern

  • Sale of new residential premises requiring GST withholding

  • The effective use of cascading clauses: MSAUS Pty Ltd as the Trustee for the Melissa Trust v Commissioner of Taxation [2017] AATA 1408


Session 3:  Application of GST to Mixed Purpose Property Developments

The characterisation of real property supplies for GST purposes becomes more complex in mixed purpose properties. This session shows you how to conduct your analysis by reference to two mixed use scenarios. First, integrated communities (with residential premises, social and affordable housing, retail, and commercial zones); second, a farm with homestead, curtilage and paddocks. Topics covered include:

  • Identifying and analysing the components

  • Identifying costs and appropriate apportionment

  • Using a ‘fair and reasonable method of apportionment’ – what does that mean?

    • Options for making a fair and reasonable allocation – which to choose?

  • Provision of services as consideration for supply – appropriate reporting and valuation of supply for GST purposes (eg Taxpayer Alert 2018/3)

  • Division 135 increasing adjustments where property sold as GST-free going concern

  • Where homestead + curtilage is sold – how big an area can constitute curtilage for GST purposes?

 THE FACULTY

Suzanne Kneen, Director, PwC, Melbourne (Chair)

Jeff Pfaff, Director, Specialist Taxes – GST, PwC, Brisbane

Andy Milidoni, Partner, Johnson Winter & Slattery, Sydney

Fletch Heinemann, Partner, Cooper Grace Ward Lawyers, Brisbane

  -  
 FEEDBACK FROM PREVIOUS ONLINE CONFERENCES
  • It was just like being at a well run conference but in many ways better. 
  • This option is of great assistance to country practitioners.
  • The live online conference format worked well and made the speakers more engaging than a recording.
  • Our team used the boardroom.  We could talk and discuss the presentation without feeling we were imposing on others and you could submit a question, which we did.  All from the comfort of our own office.
  • The conference was well organised and the email links very useful.
CPD CERTIFICATE

Delegates registered to attend the LIVE event will receive a CPD certificate for attendance.   Lawyers can claim up to 3 CPD units/points.  Accountants can claim up to 3 CPD/Training hours.

EARLY BIRD REGISTRATION OFFER


If you register and pay by 18 April 2019 you will pay only $495 – a saving of $55 off the full price conference registration fee of $550.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Event Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au
Product Code: OGPMAY19
 Price:   $495.00 (Inclusive of GST)
© 2019 Television Education Network Pty Ltd. All rights reserved. The program for this conference is copyright and may not be reproduced in any form without the prior written consent of the copyright owner.