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

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 14 Jun 06 by VICTORIAN DIVISION, THE TAX INSTITUTE

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 profile

Kenneth Claughton
Ken is a GST Director within the Tax Consulting practice of Pitcher Partners Melbourne. Ken has had extensive experience in advising various participants in the retirement villages industry on GST issues and has had extensive dealings with the Australian Taxation Office on its approach to the underlying GST issues. - Current at 16 May 2006

 

This was presented at Unravelling Structuring and Taxation Mysteries of Retirement Villages and Nursing Homes .

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Individual sessions

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

Author(s):  Ken CLAUGHTON

Materials from this session:

Retirement villages and nursing homes - income tax aspects

Author(s):  Matt BIRRELL

Materials from this session:

Legal structuring of retirement villages and nursing homes

Author(s):  Steven SMITH

Materials from this session:

Further details about this event:

 

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