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 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
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.