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  Miscellaneous 2006

GST traps and opportunities within the retirement villages and nursing homes industry

Source: QLD

Published Date: 14 Jun 2006

 

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This paper covers the following:

  • GST classification of retirement village and nursing home supplies to residents
  • entitlement to input tax credits during construction of retirement villages and nursing homes
  • adjustment of input tax credit claims on change of use or on sale
  • watch-out - acquisition of retirement village or nursing home as a GST-free supply of a going concern - Division 135 increasing adjustment
  • watch-outs - retirement village and nursing home structures leading to inequitable GST results.
This paper was also presented by Heath Shonhan at the 'Retirement Villages: Understanding the tax implications' seminar held in Brisbane on 25 October 2006.
Author(s)

Individual Session

GST traps and opportunities within the retirement villages and nursing homes industry

Author(s): Ken Claughton
Materials from this session:

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