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 Howe CTA
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 05 September 2013
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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