What connection is required between an acquisition and a GST registered person's activities for the acquisition to give rise to an input tax credit entitlement? This presentation looks at a number of issues, including:
- Start and finish of an enterprise
- Feasibility studies, R&D and unsuccessful ventures
- Tax related expenditure
- Post cessation expenditure
- Share issues and buybacks
Michael Evans CTA
Michael is a Senior Fellow of the University of Melbourne where he conducts GST principles subject in the university’s Masters level tax courses. Michael works as a sole practitioner providing tax design and legislation advice to Governments both inside and outside of Australia. Michael served more than 20 years as a Partner of KPMG specialising in both direct and indirect taxes, retiring from the partnership in December 2009. Prior to his KPMG career he worked with the ATO for 17 years during which time he was part of the legislative design team for the NZ and Australian GST and the Australian imputation reforms of company tax.
Current at 10 February 2016
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