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GST & Property Web Series

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An essential guide to the key GST issues for property projects and transactions

GST for property developers - from fundamentals to advanced topics
Minimise risk - get the tax treatment right from the start
Common problem areas and practical solutions

A Live Instructor Led Webinar

If you have clients involved in property development projects or transactions, there are a range of GST issues that need to be considered - and often, the earlier the better. If you don't, the overall profitability of the project could be very different to what the client is expecting.

The two-part GST & Property web series helps you identify the key GST issues, the process for working through these issues and the steps that need to be taken to effectively utilise the concessions that are available under the GST system.

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AU $330 members
AU $395 non-members

Register Me

Register Team*

AU $870 members
AU $985 non-members

Register Team*
Total 2.5 CPD Hours

Details

Recorded: 21 & 28 November 2023

FAAA accreditation: 31692, 31693
2.5 CPD Hours: Tax (financial) Advice

Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*Office Registrations. Maximum 15 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.

What we cover

The two-part GST & Property web series helps you identify the key GST issues, the process for working through these issues and the steps that need to be taken to effectively utilise the concessions that are available under the GST system.

What's included?

  • 2 x 1.25 hour webinars
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
1
1.25 CPD hours (est.)

Session 1

November 21, 2023
w Karen Vella

The fundamental issues that need to be addressed as early as possible when clients are involved in property development projects. These are the issues that MUST be dealt with to confirm the correct GST treatment of projects.

When it comes to dealing with clients in practice, it's important to work through these key issues as early as possible as the tax implications could have a significant impact on the profitability of the client’s project and may impact on the way the project is structured. 

We look at:

  • The key factors that the ATO and courts will consider when trying to determine the way in which property transactions should be taxed
  • Identifying whether property development projects would be treated as an enterprise for GST purposes and whether GST registration is necessary
  • The treatment of expenses incurred throughout the project
  • Whether GST applies to the sale of renovated residential properties
  • The key factors in determining whether a property is classified as commercial residential property
  • How to determine whether rent generated through sharing economy platforms triggers GST
  • Applying the 5 year leasing rule in practice
2
1.25 CPD hours (est.)

Session 2

November 28, 2023
w Michael Carruthers

We look specifically at GST issues that need to be considered in connection with the sale of property.

The GST rules contain a number of concessions and special rules that are often relevant in the context of property development projects. It is important to understand how these rules apply in practice to ensure that clients don’t pay more GST than is necessary.

We look at:

  • How to apply the GST rules to option arrangements
  • The GST withholding rules and how to manage the cash flow impact for property developers
  • When the margin scheme can be used to reduce the GST liability on sale of property
  • How to calculate the margin in a range of common situations
  • The requirements for obtaining valuations under the margin scheme
  • Applying the GST rules to mixed use properties (e.g. properties that contain residential and commercial components)
  • Determining whether an adjustment event has been triggered and how to calculate the GST adjustments when there is a change in use or intention with respect to a property that has been developed

Our presenters

Senior Tax Trainer, TaxBanter

Karen Vella

Karen VellaKaren has ‘been there and done that’, having trained with the Big Four, initiated her own successful small practice before moving to Hayes Knight as a Partner.

Karen solidified her role as an educator at Webb Martin (Kaplan) before creating her own consultancy.

She has worked her magic on leading accounting practices around the country and is a trainer for leading in-house training company TaxBanter and for Knowledge Shop.

 

Tax Director, Knowledge Shop

Michael Carruthers

Michael CarruthersMichael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.

Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry. He is a member of the advisory panel for the Board of Taxation and is a member of the reference group for the Board’s review of small business concessions.

He was also an expert panel member for the Board’s review of tax impediments facing small business.