GST Pitfalls in Property Deals – GST Power Pair of recorded webinars

This Power Pair comprises 2 of our most popular GST & property webinars from the past year.

Webinar 1: Going Concern Property Sales: Getting the GST-Free Concession Right

Whilst the GST-free going concern concession can include property, the application is limited to certain scenarios and you do need to tick off a number of requirements. This session explores the requirements, including:

• The GST-free going concern conditions and how property fits in with those requirements
• Whether the sale of business property with or without a corresponding sale of the business, attracts the GST-free going concern concession
• Whether eligibility to the GST-free going concern concession is affected if the business and property are held in separate entities
• Whether the GST-free going concern requirements are met if a business is sold and:
  • the business property owned by the vendor or an associate is not offered for sale or lease
  • the business property owned by the vendor or associate is offered for sale or lease, with the offer declined
• Whether a lease of business premises not owned by the vendor has to be assigned to the purchaser for GST-free requirements to be met
• Dealing with periodic tenancies and tenancies at will when applying the GST-free supply of a going concern conditions (GSTR 2002/5)
• Case law regarding GST-free going concern issues involving property (incl. Aurora Developments Pty Ltd v FCT [2011] FCA 232)

Webinar 2: Applying the Margin Scheme to Real Property Transactions: Thinking Beyond Eligibility

Once eligibility to use the margin scheme is determined, the next step is considering how the scheme is applied to the relevant property scenario. This session is designed to provide practical examples of how the margin scheme is applied to a number of differing situations involving property, including:

• When the “anticipated sale price” can be used to determine the purchase price of property that has been subdivided
• Applying the margin scheme to subdivided land originally acquired:
  • prior to 1 July 2000
  • after 1 July 2000
• How the margin scheme applies to property acquired from a deceased estate (sec. 75-11 GST Act 1999)
• Applying the margin scheme to:
  • mixed supplies
  • the sale of property acquired from an associate
  • property acquired as a GST-free going concern or as GST-free farmland
• Practical examples

Special Purchase Offer - The April Advantage

This pair of recorded webinars would usually cost $539, but as part of The April Advantage Offer you can buy the pair for only $330 if you order by 30.4.26.