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Recent developments in GST treatment of property transactions presentation

Published on 14 Feb 06 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

Topics covered in this presentation include:

  • sales of residential property
    • GST treatment of holiday houses, separately-titled motel and resort accommodation
    • in specie distributions of residential property: GST and stamp duty issues
    • claiming input tax credits for display homes
  • 'going concern' exemption
    • requirements
    • GST Ruling GSTR 2002/5
    • sales of tenanted buildings
    • multiple vendors/purchasers
  • margin scheme
    • new valuation and contractual requirements
    • inherited property
    • development costs
  • avoidance schemes
    • grouping schemes
    • margin schemes
    • legislative response.

Author profile

Anetta Johnston CTA
Anetta is the Partner at KPMG. As a tax specialist in KPMG's Enterprise division, Anetta works with a broad range of mid-market clients within financial services, insurance, funds management, property and infrastructure and family office groups. Anetta is passionate about solving tax issues for her clients by understanding their commercial objectives and strategic goals. In doing this she enjoys seeing her clients gain a knowledge of the tax law they can apply to their business. In her day to day work she manages the tax aspects of M&A transactions, tax due diligence and structuring and restructuring corporate groups to obtain optimal tax outcomes. She also provides advice on tax governance matters and is involved in the management of ATO reviews for companies that fall under the Top 1000 and Top 500 private groups program. Anetta started her professional career with KPMG in 2000 as a graduate. She has worked in Adelaide, Melbourne and Sydney, and spent several years working as a tax lawyer specialising in tax controversy matters. In July 2018, she was appointed as a Partner. - Current at 04 February 2022
Click here to expand/collapse more articles by Anetta CURKOWICZ.

 

This was presented at Property Development and Subdivision: Income Tax, CGT and GST implications .

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