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  • GST - 6 Years On

GST - 6 Years On

Published on 06 Feb 2007 | Took place at Holiday Inn Adelaide, SA

This seminar was also held in Darwin on 23 February 2007.

Since 1 July 2000 we have been grappling with the GST legislation and helping our clients incorporate this law into their financial and legal records. In fact, for many advisers involvement with GST issues arose well before that date. Now, more than six years down the track, it is time to revisit some important GST issues and consider how they impact on our clients. These materials incorporate several GST topics to ensure practitioners are giving accurate and up to date advice in this complex area of taxation law.

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Individual sessions

GST: minor mistakes/major problems

Author(s):  Grantley STEVENS

After six years we all still see mistakes - are they major mistakes? This paper outlines some of the more common problems and the topics include:

  • going concern - are you really entitled to the exemption?
  • GST and super guarantee contributions
  • key themes with recent rulings
  • GST documentation, adjustments and administration issues - what if you get it wrong?
Materials from this session:

GST and offshore supplies

Author(s):  Kristian THOROUGHGOOD

This paper consists of a series of worked case studies walking through some of the the complexities and traps encountered when dealing with offshore entities. The case studies cover a number of scenarios, including the GST treatment of tax advice provided to a non-resident (individual and company), as well as an example of a non-resident being required to register. Topics include:

  • imports - who is importing?
  • exports - when are they GST free and when will the ATO extend the 60 day rule?
  • the provision of services to a non-resident, and the acquisition of intangibles from offshore.
Materials from this session:

GST and corporate restructures

Author(s):  Kristian THOROUGHGOOD

This paper is a worked case study of a business undertaking restructuring activities, including the acquisition and sale of another business. It covers the the treatment of certain costs, and critically, the implications these activities can have on a business's entitlement to input tax credits. Topics include:

  • are you making a financial supply?
  • what is the Financial Acquisitions Threshold (FAT)?
  • how do you test it?
  • why is it important?
Materials from this session:

GST and property

Author(s):  Michael BUTLER

This paper provides a practical overview of a number of GST issues that commonly arise with property developments and presents case studies dealing with:

  • change of intention - what happens if you change your mind and decide to rent, rather than sell, a development (or vice versa)? Or if you decide to rent after purchasing a 'going concern'?
  • margin scheme - what are the implications of the recent amendments to the rules?
  • residential property vs commercial property - understanding the recent Toyama case and the amendments introduced to reverse Marana Holdings: is a supply of property now subject to GST or input-taxed?
  • retirement villages - are you making input taxed supplies of residential premises, GST-free supplies of accommodation, and/or taxable supplies of additional services? When are maintenance fees input taxed? Dealing with supplies to serviced apartments and supplies by charitable institutions.
Materials from this session: