Close
My Cart (0 items)
Checkout

Login to TEN

Privacy Policy
Privacy Policy
Return
My Cart (0 items)
Checkout
108868
Recorded Webinars

Recorded Interactive Webinar: GST and the Change of Plan: When Shifting Property Intentions Trigger Tax Consequences

The use that a property is put to can change over the course of its ownership. A long-term vision for the property can turn into a short-term sale, or an initial intention to develop and sell may turn into a long-term rental-yielding investment. Whatever the change in purpose or i
PRESENTED BY Neil Brydges Principal Lawyer - Sladen Legal , Melbourne

Date/Time

About the Webinar

The use that a property is put to can change over the course of its ownership. A long-term vision for the property can turn into a short-term sale, or an initial intention to develop and sell may turn into a long-term rental-yielding investment. Whatever the change in purpose or intention, being mindful of the GST impact of such a change should be front of mind. This session explores the GST implications when a change of intention occurs, including:

  • When can a change in a property's use trigger GST adjustments?
  • GST implications if uncertainty as to whether a residential property will be constructed for lease or sale (GSTR 2009/4)
  • GST implications when developing residential property with:
    • the intention to sell, however the market dictates that leasing may be a more prudent course of action
    • the intention of leasing, however, an offer to sell is received that is too good to turn down
  • GST implications of satisfying 5 years of leasing newly constructed residential premises, whilst also marketing for sale during that period (Domestic Property Developments Pty Ltd as trustee for the Dals Property Trust v C of T [2022] AATA 4436)
  • How to calculate GST adjustments if a property's use changes
  • GST implications of using GST-free exemption on sale of farmland if purchaser's intention to use the property for farming changes
  • Tips for record keeping to support a property's intended use at a given time
  • Practical examples

Presented By

Neil Brydges
Principal Lawyer, Sladen Legal Melbourne, Vic

Neil Brydges is a Principal Lawyer in Sladen Legal’s tax group. Neil practises in all areas of direct and indirect tax with a particular focus on the taxation of trusts, deceased estates, income and capital gains tax, and Division 7A.

Neil has also advised extensively on cross border taxation issues and the implications of transactions and dealings in the development of property. Using his technical tax knowledge, Neil works with clients to obtain commercial and practical outcomes. He has particular experience in dealing with the Australian Taxation Office on complex tax issues in a dispute resolution context.

Neil is a keen and active member of the tax community. As well as presenting on tax topics at various sessions, he has authored and co-authored several published articles, papers, and bulletins. Neil is a member of the Tax Committee of the Law Council of Australia, an Accredited Specialist in Taxation Law and is a member of the Tax & Revenue Law Committee with the Law Institute of Victoria and a Chartered Tax Advisor and member of the Dispute Resolution Technical Committees with The Tax Institute.

Who Should Attend?

This webinar is suitable for accountants and lawyers advising on GST – 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.

OPTIONAL ONLINE QUIZ

This Recorded Interactive Webinar will include an optional online quiz for completion after viewing the recording.  Upon completion of the quiz with a 100% pass rate the successful registered user will receive a CPD certificate confirming completion and the CPD units/points/hours earned.

TEN will aim to have the quiz available for completion within 1 week of the live webinar being held.

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, Jason Hooker on (03) 8601 7709 or email: [email protected]

Go to top