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Recent developments in GST and property paper
Member Price: $55.00
Non Member Price: $71.01
Publication date: 05 May 06
Source: SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
Abstract:
GST and property is an increasing area of dispute, usually with significant financial consequences for clients. The rules seem to be based as much on 'lore' as 'law'. This paper separates the fact from the fiction, and critically analyses some fundamental rulings and cases which assist in determining whether a GST liability really arises. Issues include:
- the margin scheme debacle - what the ATO's draft rulings really mean for you and an insight into recent disputes
- what the Marana Holdings decision means to the sale of serviced apartments, resorts, holiday houses and retirement villages
- property developments - determining when are you required to be registered for GST, and when can you deregister.
This paper was also presented on 26 May 2006 at the NSW State Convention held in Leura.
Author profile:
Lachlan Wolfers CTA
Lachlan is the leader of KPMG’s Indirect Tax practice
in China and a member of KPMG’s Global Indirect Taxes leadership
team. He was formerly a director of The Tax Institute, and leader of
KPMG’s Indirect Taxes and Tax Controversy practices in Australia
prior to his relocation to China in 2011. In his current role, Lachlan is
assisting multinational companies transition to VAT in China. He is a
frequent presenter and media commentator on VAT issues in China,
and is currently advising China’s Ministry of Finance and State
Administration of Taxation on several tax reforms, including VAT and
Advance Rulings.
Current at 27 August 2012
- VAT reform in China: impact on construction and real estate. - 21-February-2013
- Managing GST/VAT in the Asian century paper - 06-September-2012
- Charities pursuing commercial activities - payroll tax. - 05-November-2009
- Tax issue for companies (and their directors) when approaching, and entering, insolvency paper - 16-October-2009
- In the action of GST paper - 04-September-2009
- Charities pursuing commercial activities - payroll tax. - 03-September-2009
- A plethora of property issues to ponder paper - 13-March-2008
- Enterprise issues - traversing the tightrope paper - 25-October-2007
- GST and tricky property issues paper - 18-May-2007
- New value shifting regime: a quest for certainty or legislative overkill? - 01-February-2007
- Changing residence concession - devil in the detail. - 01-January-2007
- The CGT changing residence concession - the detail can bite. - 08-December-2006
- GST and residential property paper - 02-November-2006
- First GST anti-avoidance decision. - 01-November-2006
- Tax issues for property developers, one-off builders and developers paper - 06-October-2006
- Ducks in a row. - 01-October-2006
- Recent developments in GST & property paper - 25-August-2006
- The key that unlocks the door to the CGT exemption for an inherited home. - 23-August-2006
- GST and related income tax issues affecting property - Part 2 - 01-August-2006
- GST: hard cases and bad law. - 21-July-2006
- GST and related income tax issues affecting property - Part 1 - 01-July-2006
- Some CGT outcomes of the Federal Budget (2006/07). - 13-June-2006
- Cyclone Larry and the main residence exemption. - 01-May-2006
- Property Syndication - The Income Tax and GST Issues paper - 07-April-2006
- Bad old days of sales tax are revisited in a GST context. - 01-April-2006
- Capital proceeds repayment rule - more than one way to skin a cat. - 01-March-2006
- Margin scheme valuations: Part 2. - 01-February-2006
- GST margin scheme - a system in administrative disarray. - 06-January-2006
- Tax-free share buy-back case - the next Hepples of CGT? - 06-December-2005
- Tax-free share buy-back case - the nest Hepples of CGT? - 10-November-2005
- Tax free share buyback - but stay tuned! - 27-October-2005
- CGT goes platinum with its 20 year anniversary - 01-September-2005
- Recent developments in the GST treatment of property paper - 30-March-2005
- CGT and the spouse trap - 18-February-2005
- Recent developments in the taxation of property case studies - 25-November-2004
- Recent developments in the taxation of property seminar paper - 25-November-2004
- Choices and Elections in Tax Law - get them right first time! - 15-October-2004
- GST & Other Tax Issues in Property Development: Gearing up for the Battle Ahead convention paper - 03-June-2004
- CGT Small Business Concessions - important changes - 01-April-2004
- The Practicalities of Value Shifting seminar paper - 03-December-2003
- A Practical Analysis of Value Shifting 12 months on - is it real law or a search for the illusory? case studies - 21-August-2003
- GST and partnership issues - 17-October-2002
- GST, CGT and income tax issues for property transactions - 27-September-2002
- GST, CGT & income tax issues for property transactions - 24-September-2002
- Family trust and CGT planning issues - 20-September-2002
- The distinction between capital and income receipts: case studies (Lachlan Wolfers) - 29-August-2002
- GST, CGT and income tax issues for property transactions - 23-August-2002
- GST, CGT and income tax issues for property transactions - 07-August-2002
- Your Practice - Changes and Challenges - 01-May-2002
- GST, CGT and income tax issues for property transactions - 15-February-2002
- CGT and liquidation - Part 2 - 01-August-2001
- Turning old into new - 01-August-2001
- CGT and liquidation - part 1 - 01-July-2001
- GST - Going Concern Issues - 18-June-2001
- Property and Construction - 15-February-2001
- The Simplified Tax System: Is this Governmentspeak for "Complex"? - 01-February-2001
- GST problems and emerging issues - 14-October-2000
- GST review: The Good, the bad and the ugly: a story of the life cycle of ANTS - 01-June-2000
- The Good, the Bad and the Ugly- A Story of the Life Cycle of ANTS - 04-May-2000
- GST new developments - 14-April-2000
- The goods, the bad and the ugly: a story of the life cycle of ANTS - 14-April-2000
- The GST treatment of real estate sales - 10-March-2000
- GST and real estate - 15-February-2000
- Capital gains tax: CGT changes under business tax reform - 01-October-1999
- CGT changes under business tax reform - 30-September-1999
- GST overview and the transitional provisions - 16-June-1999
- CGT changes under business tax reform - 30-September-1998
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