GST & property development paper

Published on 18 Oct 08

Property developers face complex and changing GST rules and contentious scrutiny and approaches by the ATO. From small developers building a couple of units to larger complexes with many apartments, there are numerous GST issues to be addressed to ensure that any ATO audit activity is not a problem. With Australia's ageing population, an increase in the number of retirement villages has also created some GST traps. This paper covers:

• margin scheme overview including a look at rulings and cases
• change of purpose rules when leasing residential property
• GST complicating retirement village developments.

Author profile

Andrew Howe CTA

Andrew is a Partner at Greenwoods & Herbert Smith Freehills and responsible for its GST practice. Andrew advises clients across a range of industries on major transactions, GST compliance and interactions with the ATO. Andrew is a longstanding member of GST sub-committees at The Tax Institute and the Property Council of Australia and is currently the external co-chair of the ATO’s GST Stewardship Group. - Current at 11 August 2020

More by Andrew HOWE

• Dealing with the director penalty regime for GST paper - 07-September-2020
• GST & cross border supplies – Levelling the playing field? paper - 24-May-2018
• Real property, unreal compliance paper - 05-September-2013
• Preparing for the GST changes paper - 19-October-2011
• GST and property development - 17-September-2009
• GST & property development paper - 18-October-2008
• GST & property development paper - 03-May-2006
• GST and Property: Unresolved and Emerging Issues seminar paper - 10-September-2003

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