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, heads Greenwoods & Herbert Smith Freehills’ GST practice, bringing 20 years of experience to his role advising clients on GST issues, ATO audits and major corporate transactions. A prominent GST expert with a solid legal background, he joined Greenwoods in 2002 and became a Director in 2004. Andrew’s expertise and in-depth knowledge of GST matters spans a range of industries, with a focus on real estate and financial services.
- Current at
18 June 2018
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