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 is the Partner in charge of the Finlaysons Tax & Revenue Group. Michael advises domestic and foreign clients on federal, international and state tax matters, and 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 12 April 2017

More by Michael BUTLER

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• 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
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• 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
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