GST and property presentation

Published on 06 Feb 07 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

This presentation 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.

Author profile

Michael Butler CTA

Michael Butler, CTA, is the Partner in charge of Finlaysons’ Tax & Revenue Group and advises domestic and foreign clients on federal, international and state tax matters. He has a special interest in mining and property taxation, corporate restructurings, international tax issues, and estate and succession planning. Michael is the Visiting Lecturer in Tax at the University of Adelaide Law School, and is a regular contributor to The Tax Institute events. - Current at 22 September 2017

More by Michael BUTLER

• Vesting trust deeds & extending vesting dates paper - 05-May-2016
• Vesting trust deeds paper - 18-March-2015
• Federal Court denies benefits of tax treaty to limited partnership - 13-November-2014
• Difficult practical property tax issues or 25 things I hate about property tax! paper - 26-March-2014
• Difficult practical property tax issues or 25 things I hate about property tax! paper - 21-February-2014
• State tax reform: State taxes reform: A practitioner’s viewpoint - 01-April-2013
• Transfer pricing aspects of business restructurings. - 11-March-2013
• Future of trusts – The Division 6 facelift and other new developments paper - 03-May-2012
• Full Federal Court upholds application of anti-avoidance rules to franking credits scheme. - 03-May-2012
• Sale of property assets – Achieving a completely legal CGT wipe-out paper - 03-February-2012
• Casenote - international corporate restructuring not subject to general anti-avoidance rules. - 13-January-2012
• Casenote - Federal Court applies anti-avoidance rules to franking credits scheme - 13-July-2011
• Property structures paper - 02-March-2011
• Total tax wipe-out: Contentious deductions paper - 28-October-2010
• The taxation of mineral resources - from the resource super profits tax to the minerals resource rent tax. - 07-October-2010
• Trusts – Extending the vesting date - 01-September-2010
• Trusts - Extending the vesting date paper - 19-August-2010
• Keeping modern trusts relevant: Getting trust distributions right after Bamford and Cajkusic paper - 17-August-2010
• Tax and goodwill: Practical issues paper - 06-May-2010
• Voluntary liquidation - Getting the money & assets out of a company paper - 27-August-2009
• Protecting discretionary trusts following Richstar, Cummins and Spry paper - 04-August-2009
• Property & Division 152 CGT reliefs paper - 23-March-2009
• Getting trust distributions right after Cajkusic paper - 25-September-2008
• Avoiding the vesting day: Trusts domiciled in South Australia paper - 25-September-2008
• Extreme tax structures for property developers paper - 19-February-2008
• Casenote - forward sale agreement did not give rise to capital gains tax. - 01-July-2007
• Holding land through trusts paper - 03-May-2007
• GST and property paper - 06-February-2007
• Property development and subdivision case studies - 28-October-2006
• Casenote - Claiming input tax credits on the purchase of second-hand aircraft. - 01-October-2006
• Casenote - Barges were 'permanent establishment' under the Australia-Singapore Treaty. - 21-August-2006
• Property development and subdivision: income tax, CGT and GST implications paper - 14-February-2006
• Tax and copyright seminar paper - 18-February-2005
• Partnerships - Easier than you think? convention paper - 13-March-2004
• Contentious Deductions Case Studies - 17-October-2003
• The Commissioner's big black dog 10 years on - practical update on Part IVA - 15-August-2001
• In practice: Franchise fixings: Part 2 - Goodwill and compliance - 01-February-1997
• Franchise fixings: Part 1: structures and fees - 01-December-1996
• Franchising - Jim, Wendy and the Commissioner - 28-March-1996
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