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Masterclass series 2012: GST and property
Published on 01 Aug 2012 | Took place at Perpetual Boardroom, Perth, WA
- Property disputes continue to be the biggest source of legal disputes in regards to the GST, for many reasons including:
- the distinction between the GST treatment of the various forms of property, including residential premises
- the misinformation surrounding the application of the margin scheme to residential premises
- “expert” opinions on GST matters by real estate agents and developers
- a lack of understanding of GST by both (or either) party to the transaction
- a lack of understanding of the detail by some lawyers
- the complexity of the “supply of a going concern” provisions.
- This event covered the practical application of the GST legislation to property transactions via examination of a number of cases.
Individual sessions
GST and property: It's only 10% so what's the problem?
Author(s):
Tony INCE
Property issues continue to be the biggest source of legal disputes in regards to the GST. The reasons for these are many including: In this paper, a number of cases will be examined as a practical application of the GST legislation to property transactions. These cases will lead to a number of variations that will be discussed in the paper to show the different GST outcomes that can arise as a result of different arrangements. The contents of this paper is as follows: Property issues continue to be the biggest source of legal disputes in regards to the GST.
Materials from this session:
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