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Recorded Webinars

Recorded Webinar: GST Withholding on New Residential Property – War Stories and Lessons in Practice

It’s been just over seven months since the introduction of the GST withholding rules on new residential property on 1 July 2018. Now that the dust has settled on the initial implementation, what complexities and challenges are we seeing? This session covers tips and traps based o
PRESENTED BY Simone Bridges Partner - Baker McKenzie , Sydney

Date/Time

About the Webinar

It’s been just over seven months since the introduction of the GST withholding rules on new residential property on 1 July 2018. Now that the dust has settled on the initial implementation, what complexities and challenges are we seeing? This session covers tips and traps based on experience of how the provisions have operated in practice, including:

  • In complex situations (e.g. multiple vendors, multiple purchasers or nominee purchasers):

    • who is meant to notify?

    • who is meant to withhold?

  • Managing the GST compliance:

    • what are the key questions that you need to be asking your clients?

    • 5-year rule - has the property been used exclusively for rent?

    • calculating the amount to withhold - what do you need from your client?

  • How to deal with mixed premises blocks - a case study of a farm with old premises and new premises

  • Tips on managing logistical and technical issues relating to the ATO’s reporting system.

  • How are property developers managing the cashflow issues?

Presented By

Simone Bridges
Partner, Baker McKenzie Sydney, NSW

Simone is a partner in the Sydney office of Baker McKenzie.

She is ranked by Legal 500 as a Next Generation Partner and is listed as a Women Leader in Tax by the International Tax Review. Simone is also an author and contributor to Thomson Reuters and CCH tax commentary.

She has been a guest speaker at University of Sydney and the University of New South Wales and is a regular panelist and presenter at Global Taxation Executive Institute events, the Global Tax Disputes Forum and the Asia Pacific Tax conference.

Simone advises both international and Australian domestic businesses. She focuses on advisory and also contentious matters. In the context of tax, the Legal 500 has noted "Simone Bridges is a standout name " - Legal 500.

Who Should Attend?

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

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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