Published on 23 Mar 09
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper covers the difficulties that organisations still face in applying the margin scheme, including:
- common misconceptions
- common mistakes
- practical examples to show when the margin scheme should be used and when it should not
- recent property issues and margin scheme - how margin scheme works with partitioning
- recent legislative amendments - do they present any traps for property developers (Tax Laws Amendment (2008 Measures No. 5) Act 2008).
Mark Reuter, ATI, is a Partner of Tax and leader of Adelaide’s Indirect Tax team at Deloitte. He has over 16 years experience in providing GST and state tax advice (including payroll tax, WorkCover and stamp duty) to clients across the wine industry, property, financial services, manufacturing, and energy and resources sectors. Mark has expertise in the provision of consulting advice, compliance and prudential “pre-audit” reviews, due diligence-related work, and liaison with revenue bodies in client audit situations.
- Current at
22 January 2018