Recorded Webinar: GST Aspects of Selling Residential Apartments that have been Rented

Thursday 7th July  2016

Duration: approx 2 hours

About the webinar

Many property developers facing difficult economic conditions decided to rent out apartments originally built for sale. The Tax Office is targeting this, particularly where the apartment is eventually sold. This presentation examines the GST issues this situation creates and how to address them, including:

  • When can a developer claim input tax credits?
  • GST Ruling 2009/4:
    • test is intention to make taxable supply
  • How do you prove an intention to sell?
  • What if the developer changes their intention?
  • Need to make adjustment to input tax credits previously claimed:
    • adjustment required if developer changes intention
    • adjustment required if developer simultaneously held two intentions
  • What evidence do you need to establish intention?
  • How to calculate the correct adjustment
  • How long do you need to rent an investment property before GST is no longer payable on the sale of the property?

Who should attend

This webinar is suitable for accountants and lawyers advising on GST – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

Dung Lam, Senior Associate, McCullough Robertson, Sydney

Dung is a taxation lawyer with more than 10 years experience advising on a wide variety of taxes including income tax, capital gains tax, GST and state taxes such as payroll tax and land tax.  Dung also assists taxpayers in tax disputes with the Australian Taxation Office and state revenue authorities.

Dung has extensive experience advising on taxation trusts, superannuation issues in the self managed superannuation funds arena and tax issues related to estate planning.

Dung advises a broad range of clients ranging from small to medium enterprises, high net worth individuals, professional firms, accountants and their clients.

Product Code: WBEJUL16
 Price:  $242.00 (Inclusive of GST)
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