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Recorded Webinars

Recorded Interactive Webinar: 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 fit
PRESENTED BY Aaron Chisholm Senior Associate - MinterEllison , Melbourne

Date/Time

About the Webinar

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)

Presented By

Aaron Chisholm
Senior Associate, MinterEllison Melbourne, Vic

Aaron has specialist expertise advising clients on Australian GST and state taxes issues (including stamp duty, land tax, windfall gains tax, commercial and industrial property tax and the 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 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]

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