Dodging the Tax Traps and Pitfalls in Property Developments - recorded lunchtime 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.
Date/Time
About the Recorded Online Conference
GST Concessions, Change of Use and GST Adjustments
A change in purpose can bring GST adjustments at a later date. With adjustment periods under the GST act increasing the higher the acquisition cost, it is no surprise that property and the potential for GST adjustments lingers long after a purchase. This session looks into how adjustments may occur, including:
- Adjustment periods and how these can apply to property
- Interaction of Divisions 129 and 135 of the GST Act
- Practical examples, including:
- new residential property constructed for resale and subsequently rented
- GST claimed on a property development that doesn’t proceed
- Factors to consider if cancelling GST registration
- Farmland sold GST-free where the purchaser either:
- changes intention of use after purchase, or
- conducts a hobby farm on the land
- Calculating the adjustment
- Case studies
The Faculty
Jeremy Geale, Partner, Minter Ellison, Sydney (Chair) George Kolliou, Director, AG Tax Lawyers, Melbourne Melinda Peters, Partner, McCullough Robertson Lawyers, Brisbane Jeff Pfaff, Partner, PwC, Brisbane
CPD Information
Accountants can claim up to 2.5 CPD/Training hours
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: [email protected]