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Recorded Webinars

Recorded Webinar: GST Dilemmas: When is an Isolated Property Transaction an Enterprise?

One of the intricacies of the GST legislation is that it uses the concept of “enterprise” as an activity that can determine whether GST registration is required. The difficulty is that an “enterprise” may not necessarily be a “business”. This session delves into how one off proper
PRESENTED BY Aaron Chisholm Associate - Minter Ellison , Melbourne

Date/Time

About the Webinar

One of the intricacies of the GST legislation is that it uses the concept of “enterprise” as an activity that can determine whether GST registration is required. The difficulty is that an “enterprise” may not necessarily be a “business”. This session delves into how one off property projects fit into the GST classification, including:

  • When the subdivision and sale of property doesn’t amount to the carrying on of a business, however may amount to an “enterprise”
  • When can the subdivision of the family home amount to an “enterprise”?
  • Does the “mere realisation of a capital asset” term used for income tax purposes, also have relevance as to whether GST applies on a sale
  • At what point does the intention for a property’s use impact on the GST treatment?
  • What are the “tipping points” that can turn an isolated property transaction into an “enterprise”? (MT 2006/1)
  • When would the anticipated proceeds from a property sale be required to be included in the projected GST turnover calculations? (Ian Mark Collins & Mieneke Mianno Collins ATF The Collins Retirement Fund v FC of T [2022] AATA 628)
  • A review of the GST aspects of the ATO’s “Tax consequences on sales of small-scale land subdivisions” (QC 71028)

Presented By

Aaron Chisholm
Associate, Minter Ellison Melbourne, Vic

Aaron has specialist expertise advising clients on Australian GST and state taxes issues (including stamp duty, land tax, windfall gains tax and Growth Areas Infrastructure Contribution).

Spanning a wide range of industries, including commercial and residential property, energy and resources, construction and funds management, Aaron regularly advises on various property-related transactions, projects and developments across Australia as well as advising both listed and unlisted clients in high-profile mergers and acquisitions.  Aaron has also advised a number of government clients on GST and state taxes issues.

More broadly, Aaron provides domestic and international clients with legal and commercial advice to assist them in the conduct and development of their business and assist them in their dealings with State and Federal revenue authorities.

Who Should Attend?

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

CPD Information

Accountants can claim up to 1 CPD hour. Lawyers can claim up to 1 CPD unit/point – substantive law. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

WA lawyers – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

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: [email protected]

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