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 Recorded Webinar: A New Dance Partner - GST Implications of Purchaser Substitution


Date: Monday 21st September 2020
Approximate Length: 1 Hour

With tightening rules on bank lending and increased taxes on foreign buyers, developers are seeing an uptick in the number of transactions where the initial purchaser is looking to pull out of a sale contract or to substitute an unrelated third party. This session reviews the potential GST consequences of such transactions, including:

  • If the initial purchaser outlays an amount to the vendor, how is it to be characterised and what is the GST treatment?
    • forfeited deposits
    • compensation payment
    • incentive to accept step-in purchaser
  • Incentives paid to step-in purchaser to acquire property and its GST treatment where:
    • paid by initial purchaser
    • paid by vendor
    • reduced purchase price
    • increased supply (e.g. extra car park) for same purchase price
  • Commissions received by real estate agent or another third-party facilitator
Recorded Webinars,GST and Indirect Taxes,Recorded Webinar: A New Dance Partner - GST Implications of Purchaser Substitution

Boris Mak, Senior Manager, PwC, Brisbane

Boris is a Senior Manager in the Indirect Taxes team at PwC with over 6 years of experience specialising in Australian Goods and Services Tax (GST). He acts on a range of GST matters including technical advice, dealings with the Australian Taxation Office (ATO) such as disputes and private binding rulings, indirect tax technology implementations, data analytics projects, tax due diligence, and tax structuring matters.


This webinar is suitable for lawyers advising on GST – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au

© Television Education Network Pty Ltd 2022

Product Code: WBPSEP20
 Price:  $198.00 (Inclusive of GST)
© 2022 Television Education Network Pty Ltd. All rights reserved. The program for this webinar is copyright and may not be reproduced in any form without the prior written consent of the copyright owner.