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.
Andrew is a Director with Greenwoods & Freehills
and is responsible for its national GST practice. Andrew is a
longstanding member of The Tax Institute’s GST Subcommittee
and actively involved in GST working groups at the Property
Council of Australia, the Retirement Living Council and the
Financial Services Council.
- Current at
13 November 2014
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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