Published on 25 Aug 06
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
Developments in GST and property continue to be a major focus for practitioners. This paper highlights the key issues currently facing property developers, both large and small, including:
- the margin scheme debacle - what the ATO’s draft rulings really mean and an insight into recent disputes
- case study examples to highlight when GST is payable and how the margin scheme should be applied correctly
- what the Government’s announced changes mean to the sale of serviced apartments, resorts, holiday houses and retirement villages
- property developments - case studies illustrating whether you are required to be registered for GST and when you can deregister.