TEN Shop products: conferences, subscriptions, books and papers, webinars, DVDs and CDs. Search Results
 GST & Property: Key Issues in Practice– a live lunchtime online conference

Online Conferences,GST and Indirect Taxes,GST & Property: Key Issues in Practice– a live lunchtime online conference
Tuesday 6th September 2022
Vic, NSW, ACT, Qld, Tas: 12 noon to 2.45pm
SA/NT: 11.30am to 2.15pm
WA: 10am to 12.45pm
REGISTER NOW!
2 WEEKS
UNTIL THE EVENT
.   .
 ABOUT THE ONLINE CONFERENCE
Hear from the experts at this online lunchtime conference. You can watch it on your computer or on your portable electronic device from anywhere.

The conference will be based on our highly successful video webinar technology: there'll be a chairperson, presentations and you'll have an opportunity to ask questions via online chat.

One registration can be shared by colleagues within the same firm utilising the same login.

 THE PROGRAM

Session 1: GST and the Margin Scheme: Calculations and other Curly Conundrums

The margin scheme is an option to use for calculating GST on the taxable supply of real property, including granting or selling a long- term lease. When opting to use the scheme, a recent AAT case highlights the importance of getting the calculation method right at the outset. This session drills down on the calculation methods to use, including:

  • When to use the valuation method and when to use the consideration method
  • For the consideration method:
  • How are settlement adjustments treated?
  • How are Government charges treated?
  • When a valuation is required and the requirements of MSV 2020/1
  • What if the vendor incurred costs as a condition of the original purchase? Can those costs form part of the margin calculation? (WYPF v FC of T [2021] AATA 3050)
  • What costs incurred pursuant to a contract are considered to be non-monetary consideration? (PBR 1051828236054)
  • Practical examples of margin scheme calculations

Session 2: GST Free Farmland: More to It than Meets the Eye

Selling the farm can avail the participating parties to the GST free farmland concession. However, there is more to it than just opting for the concession to apply. There are conditions for both buyer and seller and when those conditions include future use, there are bound to be uncertainties. This session explores the GST free farmland rules to assist practitioners in getting it right, along with a heads up on what can go wrong, including:

  • The conditions for:
  • The seller
  • The buyer
  • Subdivided farmland
  • What if the farming business or equipment is sold with the land?
  • What if the farmland has a residential property on it? (GSTA TPP 092)
  • The pros and cons of using:
  • The GST free farmland provisions
  • The GST free going concern provisions, if eligible
  • Treating the sale as a taxable supply
  • What if the buyer intends to operate a farming business, however:
  •  Can’t get farming approval
  •  Uses the property for agistment
  •  The ATO considers the activity is more akin to a hobby farm
  • Who is liable for any increasing GST adjustments that may arise?
  • Is there any documentary evidence required to support the purchaser’s intention to carry on a farming business?
  • Case studies

Session 3: GST and the Build-to-Rent Model

The build-to-rent (BTR) model is gaining traction as an emerging asset class. The GST implications for this model are vastly different to those of a build-to-sell (BTS). This session explores the GST treatment of the BTR property development model, including:

  • A background to the BTR model
  • The distinction between the GST treatment of a BTR project and a BTS project, including the implications for:
  • Construction costs
  • Ongoing costs relating to the leasing of the property
  • Selling the property
  • What if a BTR project is considered to be the constructing of commercial residential premises?
  • BTRs and the interaction of the five year continuous rental rule for new residential premises
  • What if there is an intention to sell part or all of the property in an indefinite time in the future? (GSTR 2009/4)
  • GST implications for purpose BTR projects, including:
  • Retirement villages
  • Student accommodation
  • Practical examples
 THE FACULTY

Simone Bridges, Partner, Baker McKenzie, Sydney, NSW (Chair)

Andrew Barrah, Partner - Tax, Grant Thornton, Melbourne, Vic

Aaron Chisholm, Lawyer, Minter Ellison, Melbourne, Vic

Geoff Gartly CA, Director, Certified Exit Planner Adviser, Gartly Advisory, Melbourne, Vic

  -
 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 2.5 CPD units/points (substantive law). Accountants can claim up to 2.5 CPD/training hours.

EARLY BIRD REGISTRATION

If you register and pay by 12 August 2022 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, Hayley Williams–Cameron on (03) 8601 7730 or email: hayley@tved.net.au



© Television Education Network Pty Ltd 2022

Product Code: OGPSEP22
 Price:   $550.00 (Inclusive of GST)