Date:Thursday 20th May 2021
Duration: Approximately 1 Hour
ABOUT THE WEBINAR
The GST treatment on real property transactions depends on a large range of factors including the characteristics of the land, the nature of the parties and the purpose of the transaction. This session reviews the GST issues that commonly arise on the sale of real estate, including:
What is the GST liability?
Is the property characterised as residential premises, and if so, what kind?
Dealing with unimproved land – changes to GSTR 2006/6
Selling new residential units – understanding the change of use rules
Selling a property at auction – what are the traps and hazards?
Vendor finance – what GST issues can arise?
Understanding the GST withholding requirements on settlement
Common errors on activity statements
Andy Milidoni, Partner, Johnson Winter & Slattery, Sydney
Andy specialises in all aspects of taxation and revenue law related issues, as well as superannuation and trust law. In the real property sphere, Andy has advised on a range of property investments and property developments, incorporated and unincorporated joint ventures, land subdivision projects and project development agreements.
Andy has acted for clients in respect of private ruling applications and their tax disputes with both the ATO and the State Revenue Offices in respect of income tax, GST, stamp duty, land tax matters.
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.
WA lawyers – From April 1st 2021, due to the new requirements we are unable to verify your completion of recorded webinars to the Legal Practice Board of WA.
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]