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 Recorded Webinar: GST Adjustments and Change of Purpose


Date: Wednesday 15th July 2020
Approximate Length: 1 Hour

Though Division 129 of the GST Act is highly significant for property developers and investors, the provisions can appear dry at first glance. This practical session takes an in-depth look at the GST consequences of a change of purpose using two case studies:

  • Case study 1: Block of land in retail strip purchased for knock down of shop and construction of 3 storey building – ground floor was to be business run by the owner, 1st floor was residential lease investment and 2nd floor was to be main residence. Foreclosure led to sale of the property.
  • Case study 2: Subdivide and develop property intending to sell, but then lease both lots, one temporarily before sale and the other as an ongoing property investment

Issues considered in this session include:

  • Identifying adjustment periods
  • Time of the change of purpose
  • Maintaining documentation and evidence to support change of purpose
  • Calculation of adjustments and reasonable methods of apportionment
  • When does the clock start ticking: the 4-year time limit on GST refunds?
Recorded Webinars,GST and Indirect Taxes,Recorded Webinar: GST Adjustments and Change of Purpose

Ross Higgins, Partner, Mills Oakley Lawyers, Melbourne

Ross Higgins has over 30 years experience as a tax practitioner in Australia, providing services to local, national and international clients, accounting firms, other law firms, corporate and financial advisers and their clients on specialist taxation issues.

Ross brings a wealth of experience from advising on property developments in relation to income tax, GST, duty, land tax and other state development taxes, including structuring, legal documentation, specific tax issues and dealing with revenue authorities.

Ross is on a Tax Technical Committee for The Tax Institute and is a regular presenter on tax topics. He has also acted as an adviser to Government.


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

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

© Television Education Network Pty Ltd 2021

Product Code: WBEJUL20
 Price:  $198.00 (Inclusive of GST)
© 2021 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.