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Property & Construction
Published on 15 Feb 01 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA
This seminar discusses GST issues in property and construction, with a focus on: In-specie distributions of property; The ongoing application of the margin scheme; the sale of commercial property as a going concern; GST treatment of strata titled managed investment schemes; GST issues affecting small to medium "one-off" property investments.
Author profile
Lachlan Wolfers CTA
Lachlan Wolfers, CTA, is the Global Head of Indirect Taxes for KPMG, and also the Global Head of Data for KPMG Tax & Legal. He is also the National Leader of KPMG Law in Canada. He has over 25 years of experience advising multinational companies on indirect taxes, as well as tax transformation and technology. Lachlan is passionate about the role of indirect taxes in driving developments in the digitalization of the tax function. His recent publications, 'Transforming the in-house tax function through Technology', ‘The Future of Indirect Taxes to 2030‘, ‘The Future of VAT in a Digital World’ and ‘The Future of Generative AI in the Tax Profession’ all seek to provide insights on developments in areas like indirect taxes, how data is managed in the tax function and in the use of technologies to chart a course to the future. Lachlan has a strong sector focus on the digital economy and in the financial services sectors, and acts for many of the largest companies in these sectors, including for industry bodies. Lachlan also has considerable experience in the implementation of VAT/GST systems, having done so in Australia in the year 2000, and in China from 2012 to 2016. In 2020 Lachlan was awarded the Indirect Tax Advisor of the year for the Asia Pacific region by the International Tax Review. Lachlan has a long history of providing support and expertise to policymakers, finance ministries and tax authorities around the world, including in China, Australia and the UK, as well as the OECD. He is admitted as a Solicitor to the Supreme Court of NSW, and is called to the Bar by the Law Society of Ontario. Earlier in his career, Lachlan was the Associate to Justice Keith Mason, President of the NSW Court of Appeal. Lachlan has co-authored the leading textbook on capital gains tax in Australia (with Adjunct Professor Gordon Cooper AM), as well as authoring chapters for textbooks on income tax and GST. He was previously a National Director of the Taxation Institute of Australia. - Current at 19 September 2025
This was presented at 4th Australian GST Symposium .
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Individual sessions
GST and its Impact on Businesses and Advisers
Author(s): Ken FEHILYMaterials from this session:
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Business Reorganisations
Author(s): Ian JEFFREYMaterials from this session:
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Property and Construction
Author(s): Lachlan R WOLFERSMaterials from this session:
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GST and FBT - an unresolvable tug of war?
Author(s): Michael B EVANSMaterials from this session:
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Critical issues for the GST adviser
Author(s): Maria BENARDIS, Tracey MELLICK, Tess LAZARUS, Owen CLANCYMaterials from this session:
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Cross Border Perspectives on GST
Author(s): Paul O'BRIENMaterials from this session:
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Litigation, settlements and court orders
Author(s): John W DE WIJNMaterials from this session:
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