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Recorded Webinars

Recorded Webinar: GST and Real Property: The Key Essentials for Property Lawyers

From residential homes to commercial buildings, every property transaction is entwined with the intricate web of GST implications. This practical session unravels the mysteries of GST, and explores its rules, exemptions, calculations, and practical considerations that are vital fo
PRESENTED BY Rachel O'Donnell Principal - O'Donnell Tax Law , Melbourne

Date/Time

About the Webinar

From residential homes to commercial buildings, every property transaction is entwined with the intricate web of GST implications. This practical session unravels the mysteries of GST, and explores its rules, exemptions, calculations, and practical considerations that are vital for navigating the labyrinth of property taxation. It covers:

  • GST applicability to real property: Understanding when and how GST applies to different types of real property, including residential, commercial, and vacant land
  • GST registration and obligations: Exploring the requirements for property owners and businesses to register for GST and fulfill their reporting and compliance obligations.
  • Input tax credits and acquisitions: Examining the availability of input tax credits for property-related expenses and acquisitions, such as renovations, construction, and professional services.
  • GST on property sales and leases: the GST implications when selling or leasing real property, including the concept of taxable supplies, GST-free supplies, and adjustments
  • Margin scheme: Explaining the margin scheme as an alternative method for calculating GST on certain property sales, including its eligibility criteria, calculations, and advantages
  • GST exemptions and concessions: Identifying the exemptions and concessions available for specific types of property transactions
  • Application of the GST withholding regime
  • Practical examples and case studies involving small scale property development

Presented By

Rachel O'Donnell
Principal, O'Donnell Tax Law Melbourne, Victoria

Rachel has more than 15 years of experience advising on tax law and specialises in stamp duties, land tax and payroll tax in all Australian states and territories, as well as GST.

Rachel has significant experience advising large listed and unlisted corporates, high net worth individuals and small to medium enterprises. She is familiar with the operation and technicalities of the GST regime and the various state taxes regimes.

Rachel’s clients include major international and national groups in the property development, property funds management, infrastructure, superannuation, retirement living and aged care industries.

Rachel is a member of The Taxation Institute (Chartered Tax Advisor) and the Law Institute of Victoria.  She is also a member of The Taxation Institute’s Victorian State Taxes Committee, The Taxation Institute’s Annual States Taxation Conference Committee and the Property Council of Australia’s Taxation Committee (Victoria).

Who Should Attend?

This webinar is suitable for lawyers practising in property law – Australia wide.

CPD Information

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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