Recorded Webinar: GST Registration, the Meaning of Enterprise and the Mum and Dad Developer

 

14th November 2019
Duration:  approx. 1 hour

 ANNOUNCING ONE HOUR LUNCHTIME 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. And, for most of you the webinars will be held at lunchtime - the ideal time for attending live webinars.
 ABOUT THE WEBINAR
If you’re not registered or required to be registered for GST, you don’t have to account for it and you don’t need to add GST to the purchase price.  Property costs, so that makes a big difference to the profitability of a development.  If you’re a small developer, you may not even need to be registered or, if registered, you may be able to cancel it.  It depends on whether you are carrying on an enterprise.  This presentation will review the meaning of enterprise in the context of small property developer and discuss both registration and the cancellation of registration as a strategy to minimise the impact of GST.

  • The pluses and minuses of registration – claiming of input tax credits vs no GST, the use of the margin scheme vs no registration

  • The principles:

    • when are you carrying on an enterprise?

    • what is entailed in carrying on a business – common law – ATO view and ruling

    • the meaning of business-like activity

    • practical examples

  • Registration and the turnover test – mere realisations of a capital asset

  • How this plays out in property development:

    • the redevelopment of the suburban block

    • rezoned farmland, broadacre development and the development agreement

    • other examples

  • Timing – when should you register – when should you deregister?

 PRESENTER
Recorded Webinars,GST and Indirect Taxes,Recorded Webinar:  GST Registration, the Meaning of Enterprise and the Mum and Dad Developer

Andrew Sommer, Partner, Clayton Utz, Sydney 

Andrew is acknowledged as one of Australia's best tax lawyers. He is an expert in indirect taxation, with a particular specialty in complex GST issues.

He is called upon to advise on all aspects of the GST for any major projects or transaction. He advises clients on financial structuring (including securitisation), property dealings and commercial transactions. Andrew has particular experience in conducting and managing disputes with revenue authorities.

Although Andrew's practice is primarily focussed on GST, he is a notable expert on various tax issues including income tax, payroll tax, fringe benefits tax and R&D tax incentives. Before joining Clayton Utz, Andrew worked at a major accounting firm.

 WHO SHOULD ATTEND?

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.

 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:  GST Registration, the Meaning of Enterprise and the Mum and Dad Developer



© Television Education Network Pty Ltd 2020

Product Code: WBKNOV19
 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.