Recorded Webinar: Margin Scheme Howlers in Property Matters – Avoiding Them Before They Happen

 

21 October 2019
Duration:  approx. 1 hour

 ANNOUNCING ONE HOUR WEBINARS
You've spoken and we've listened. From 1/8/19 we've structured most of our webinars to run for one hour - the ideal length for staff training sessions.
 
 ABOUT THE WEBINAR
The margin scheme is a favourite of residential property developers.  It always sounds good in theory, but in practice attempts to use it often fail for want of attention to the detail.  This presentation covers all the usual issues when using the margin scheme with a focus on the practical things your clients need to cover off on in order to ensure that their choice is effective and the GST results are not a disaster.  Given the freewheeling and swashbuckling nature of many property developers, this is easier said than done! It examines:

  • The margin scheme: a quick refresher on how it works

  • Practical problems: on which margin is the GST calculated:

    • prior GST-free sales – look through provisions

    • no sale prior to the start of GST

  • Practical problems: 30 June 2000 valuations – complying with the Commissioner’s guidelines – what can go wrong – case law

  • Conditional application of the margin scheme – conditioned on what – can you do it?

  • Practical problems: consolidation of sites for redevelopment – how you manage different margin scheme status of different parcels

  • Practical problems: application of withholding tax to margin scheme transactions

  • Practical problems: how do you ensure that the margin scheme applies?What preconditions must be met?

 PRESENTER
Recorded Webinars,GST and Indirect Taxes,Recorded Webinar:  Margin Scheme Howlers in Property Matters – Avoiding Them Before They Happen

John Haig, Indirect Tax Specialist, 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 lawyers and accountants practising in GST and property – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

 ENQUIRIES/ASSISTANCE
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: lisa@tved.net.au
Recorded Webinars,GST and Indirect Taxes,Recorded Webinar:  Margin Scheme Howlers in Property Matters – Avoiding Them Before They Happen



© Television Education Network Pty Ltd 2020

Product Code: WBGOCT19
 Price:  $264.00 (Inclusive of GST)
© 2020 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.