Published on 15 Feb 2000
| Took place at Hawthorns Receptions
This seminar unravels the complexities of the legislation as it relates to real estate, with examples provided to help participants understand both strategic benefits to be gained from the introduction of the GST and the prerequisite compliance requirements relating to property.
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Author(s): Lachlan R WOLFERS A very detailed discussion on how different residential properties will be treated during the transition of GST and after GST has been implemented.The objective of this paper is to make sense of the legislative nonsense about how real estate transactions are treated under the GST regime. In addition to these fundamental design problems, there are a number of practical issues which will be confronted by real estate agents, auctioneers, valuers, vendors, purchasers and tax advisers in a GST environment. This paper will attempt to explain some of these complexities and hopefully explain how these problems may be overcome.