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GST in an uncertain economy presentation

Member Price: Free
Non Member Price: $15.00

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 06 Nov 08

GST consequences of managing rights, obligations and debts. This presentation explores the GST issues that may be encountered in this environment including:

  • cancelled debts and bad debts
  • making guarantee payments
  • debt to equity swaps
  • litigation - court orders and out of court settlements
  • re-organising contractual obligations for consideration
  • terminating contracts - cancellation fees, liquidated damages and forfeited deposits
  • input tax credits for acquisitions relating to ceased activities.

Author profile

Ross Stitt
Ross is a Lawyer and Accountant with over 10 years' GST experience in Australia and New Zealand. He joined Allens Arthur Robinson's tax practice in early 2000 and has advised clients on a wide range of GST issues. He is currently a Partner and specialises in the most complex aspects of the GST regime including the implications of cross-border transactions and issues in the financial services sector. Prior to joining Allens, Ross was the head of tax in the Auckland office of leading New Zealand law firm Chapman Tripp. Before that he was a tax partner with Arthur Andersen. - Current at 01 August 2009
Click here to expand/collapse more articles by Ross STITT.

 

This was presented at Tax in an Uncertain Economy .

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Individual sessions

Managing debt rights and obligations – Some key tax issues

Author(s):  Peter MCCULLOUGH

Materials from this session:

Specific dealings with ‘impaired’ debts

Author(s):  Joshua CARDWELL

Materials from this session:

A series of case studies–A company struggling on the brink

Author(s):  Chris KINSELLA,  Gavin MARJORAM

Materials from this session:

GST in an uncertain economy

Author(s):  Ross STITT

Materials from this session:

Tax accounting in a loss situation

Author(s):  Tracey RENS,  Darren LEE

Materials from this session:

Administration, liquidation and receivership–The legal basics

Author(s):  Philip HOSER

Materials from this session:

The perspective of the appointed representative

Author(s):  Barry KOGAN

Materials from this session:

The income tax law background and implications

Author(s):  Jeremy HIRSCHHORN

Materials from this session:

Cashed up and ready to take advantage of opportunities

Author(s):  Muhunthan KANAGARATNAM

Materials from this session:

The increased need for tax risk management in an uncertain economy

Author(s):  David L WILLIAMS,  Chris DOBSON

Materials from this session:

Companies facing insolvency or other difficulties failing to pay taxes

Author(s):  Tim SHERMAN,  David ANDERSON

Materials from this session:

Managing capital structure

Author(s):  Simon JENNER,  Andrew FOSTER

Materials from this session:

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