Turning old into new
01 Aug 01 |
AUSTRALIAN GST JOURNAL
Issue: Vol 1, issue 4
This article examines the situation in which a purchaser, purchased an older house believing that GST would not be included in the sale price. Unknown to the purchaser, the house had been rented by the previous owner to a tenant who used the house for commercial office accommodation and was required to register for GST. The purchaser sought a private ruling. This article examines the content of the ruling by reference to the reasoning which now appears as a draft GST ruling.
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Lachlan is the Global Head of Indirect Tax for KPMG, as well as leading the Indirect Tax and Tax Technology practices for KPMG China. As part of his role in KPMG China, Lachlan led KPMG China’s efforts in relation to the VAT reform pilot program in China, including providing advice to various Government agencies in relation to several key aspects of the VAT reforms, including the application of VAT to financial services, insurance, construction and real estate, transfers of a business, as well as other reforms relating to the introduction of Advance Rulings in China. Previously he was a partner of KPMG Australia for over 11 years as the head of Indirect Tax in Sydney, and the National head of Tax Controversy services for KPMG Tax Lawyers Pty Ltd. Lachlan is also formerly a Director of the Tax Institute.
- Current at
30 September 2019