About the webinar
There is a mismatch between property law and GST liability. This session seeks to deal with this and unravel the complex web of GST liability in property developments:
- What is the best property development structure for GST purposes?
- Characterisation – partnership, JV or commercial arrangement?
- A mere realisation of a capital asset or not? – GST consequences for registration
- When is an entity carrying on an “enterprise?”
- GST issues for small developments – capital transactions amounting to an “enterprise”
- Where a “mere realisation” could amount to a taxable supply for GST purposes
- The supply of land under a development - when is it a going concern and GST free
- The use of the margin scheme in property developments – agreeing in the contract
- Ensuring no GST is payable on pre-existing residential developments
- When private developers might not need to register for GST
- When it may be necessary to get a private ruling
- GST complications when selling land to a partnership
- Case studies:
- introducing a new party to the joint venture – the GST implications
- disposal of an interest in a partnership for tax purposes
Who should attend
This webinar is suitable for accountants and lawyers advising on GST – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.
Justin Byrne, Partner, HopgoodGanim, Brisbane
Justin is a senior trusted taxation law advisor who advises on a wide range of complex taxation issues including income tax, capital gains tax, stamp duty and GST (in which he has a particular interest). With qualifications and extensive experience in both law and accounting, he is uniquely placed to provide collaborative, practical and commercial tax solutions for a range of clients, from individuals and small business owners to large corporations and government departments.
Justin works closely with other practice areas within HopgoodGanim, including corporate advisory, litigation, mergers and acquisitions, resources and energy, and family law, to advise on complex issues including the tax aspects of capital raisings, business acquisitions and disposals, and restructuring.
Justin is a Fellow of the Taxation Institute of Australia and has sat on a number of its committees for over ten years. He is a regular speaker at Institute functions. He also sits on the Queensland Law Society’s Revenue Law Commmittee, as well as the Law Council of Australia’s Tax Committee, through which he regularly assists with submissions to the ATO and Treasury on tax related matters.
Justin was Recommended in Doyle's Guide to Leading Queensland Tax Lawyers, 2015 and 2016.