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18 Feb 09 Commissioner examining uncommercial property arrangements - TAs 2009/4 & 5

In a media release issued on 17 February 2009, the Commissioner, Michael D’Ascenzo announced the issue of two taxpayer alerts warning the community that the ATO is closely examining uncommercial property arrangements that try to obtain unintended GST benefits. The alerts cover arrangements where a land owner and its associate delay invoicing and payment for construction services in an attempt to claim input tax credits and/or avoid GST.

“We are concerned that these arrangements try to use the GST provisions in a way that is not intended under the legislation,” Mr D’Ascenzo said.

For a copy of the ATO media release, No 2009/11, 17 February 2009, go here.

For a copy of TA 2009/4 (Land owner's use of a registered associate to maximise input tax credit entitlements and reduce Goods and Services Tax (GST) payable under the margin scheme), go here.

For a copy of TA 2009/5 (Use of an associate to obtain Goods and Services Tax ('GST') benefits on construction of residential premises for lease), go here.

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