Recorded Webinar: GST: When is a Property Development an Enterprise?

 

Date: Thursday 9th November 2017
Duration: approx. 2 hours
 
 ABOUT THE WEBINAR
While the development may be small, the GST implications may be substantial. Whether a developer’s sales are subject to GST can have a significant impact on the profitability of their project. This session will break down the key GST issues affecting small-scale property development. It covers:
  • GST registration:
    • when will a property developer not need to register for GST?
    • understanding the GST consequences of registration
    • when is a property developer carrying on an “enterprise?”
    • where do we stand on one-off undertakings?
    • the utility of Private Binding Rulings regarding the mere realization of capital assets
    • what should be included in the turnover calculations?
  • Entitlement to input credits
  • Is the land an asset of the business?
    • when can a “mere realisation” count towards the turnover test?
    • has the business ceased? Should you consider deregistration?
    • dealing with any increasing adjustments on de-registration
  • Case study – co-owners of land who are registered for GST and have formed a partnership. Are in specie distributions a taxable supply?
 PRESENTER
Our presenter

John Haig, Director, John Haig Pty Ltd, Melbourne

John is an indirect tax adviser specialising in the more complex issues in GST, wine tax and luxury car tax. He is a longstanding member of the national indirect taxes sub-committee of the Institute of Chartered Accountants in Australia and New Zealand, a Certified Practising Accountant and a fellow of the Tax Institute.

John commenced his own indirect tax consultancy in 2003.  He has conducted many seminars and presentations on the major issues in GST, which inevitably involves a strong focus on real property transactions.  Since the inception of the New Tax System he has written many papers on GST and is a regular presenter for the Television Education Network. 

 WHO SHOULD ATTEND?

This webinar is suitable for accountants and lawyers advising on GST – Australia wide. This webinar is for experienced practitioners.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact us, on (03) 9670 2055 or email: info@tved.net.au
Product Code: WBDNOV17
 Price:  $253.00 (Inclusive of GST)
© 2018 Television Education Network Pty Ltd. All rights reserved. The program for this webinar is copyright and may not be reproduced in any form without the prior written consent of the copyright owner.