Close
My Cart (0 items)
Checkout

Login to TEN

Privacy Policy
Privacy Policy
Return
My Cart (0 items)
Checkout
104497
Recorded Webinars

Recorded Webinar: Margin Scheme Compliance: Safeguarding the Savings by Reducing the Risks

Whilst applying the margin scheme can reduce the GST payable on the sale of property, there are a number of requirements that need to be met for its application to stand up to the scrutiny of not only the ATO, but also the parties involved in the transaction, to ensure no adverse
PRESENTED BY Ross Higgins Partner - Mills Oakley , Melbourne

Date/Time

About the Webinar

Whilst applying the margin scheme can reduce the GST payable on the sale of property, there are a number of requirements that need to be met for its application to stand up to the scrutiny of not only the ATO, but also the parties involved in the transaction, to ensure no adverse repercussions result. This session is designed to assist with correctly applying the margin scheme, including:

  • What are the benefits of using the margin scheme?
  • When are you eligible to use the margin scheme?
  • How the history of a property’s prior sale details can impact on the use of the margin scheme
  • The valuation requirements, including:
    • when to use the “valuation” method and when to use the “consideration” method
    • the requirements for a valuation to be an “approved valuation” (LI 2022/D14; Decleah Investments Pty Ltd v C of T [2021] AATA 4821)
  • Can you apply the margin scheme to a mixed supply? (GSTR 2006/8)
  • Dealing with amalgamated land sold under a single contract (Landcom v C of T [2022] FCAFC 204)
  • How to work out the margin on subdivided land
  • Practical examples of calculating the margin

Presented By

Ross Higgins
Partner, Mills Oakley Melbourne, Vic

Ross Higgins is a partner in the Melbourne office of Mills Oakley, working primarily in the area of ­­­­­­­Taxation Law. Ross has particular expertise in complex income tax, structuring, funding and transactional issues for domestic and international business, both public and private, GST and duty issues and tax audits and disputes.

Ross brings a wealth of experience from the high level advising he has done on a number of merger and acquisitions projects, property developments, complex group restructures, cross-border operations/investments, tax consolidated groups, employee share schemes, privately owned groups including asset protection and succession planning, funds management, cryptocurrency and blockchain, superannuation, charity and not-for-profit and dealing with revenue authorities.

Ross has acted for listed companies, foreign-owned companies and a myriad of privately owned groups. He has also acted as an adviser to Government.

Ross is on the Tax Technical Committee for The Tax Institute and is a regular presenter on tax topics.

Who Should Attend?

This webinar is suitable for accountants and lawyers advising on GST & property – 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]

Go to top