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Live Webinars

Live Webinar: Premises Puzzle: Commercial Residential Premises and their GST Implications

The classification of premises as to whether they are residential or commercial residential, makes a considerable difference to the GST treatment for both sale and leasing arrangements. This session looks into how to determine if premises are commercial residential premises and th

Date/Time

Thursday 12th September 2024
Vic, NSW, Qld, ACT, Tas: 1.30pm to 2.30pm
SA & NT: 1.00pm to 2.00pm
WA: 11.30am to 12.30pm

 

About the Webinar

The classification of premises as to whether they are residential or commercial residential, makes a considerable difference to the GST treatment for both sale and leasing arrangements. This session looks into how to determine if premises are commercial residential premises and the GST implications if they are, including:

  • What is the definition of “commercial residential premises”?
  • What are the tests that can be applied to assist with categorising whether a property is commercial residential property?
  • The GST implications for a property classified as “commercial residential premises”
  • How supplies of long-term accommodation are treated? (GSTR 2012/7)
  • What is the GST treatment for:
    • rooms advertised as available for accommodation in a residential dwelling?
    • bed and breakfast accommodation?
  • GST treatment for guaranteed rentals involving serviced apartments and strata units leased by an owner to a management operator
  • The GST treatment for:
    • student accommodation
    • co-living arrangements
    • boarding houses
  • Practical examples

Presented By

Matthew McKee
Partner, Brown Wright Stein Lawyers Sydney, NSW

Matthew McKee is an experienced tax and superannuation lawyer who regularly provides tax and commercial related advice to accountants, financial planners, small to medium enterprises and private clients. Matthew has a particular expertise in New South Wales state taxes (duties, payroll tax and land tax) but advises on all aspects of taxation law, including income tax, capital gains tax (CGT), GST and the SIS Act.

Matthew has experience in resolving of taxation disputes, including:

  • Managing Australian Taxation Office (ATO)/ Revenue NSW audits and investigations, voluntary disclosures;
  • Preparing taxation objections and private ruling applications;
  • Conducting tax litigation in the Administrative Appeals Tribunal and Federal Court of Australia, the NSW Civil and Administrative Tribunal and Supreme Court of New South Wales; and
  • Negotiating settlements and payment arrangements with the ATO and Revenue NSW.

Matthew also provides advice on trusts and structuring as well as commercial issues including asset and business acquisitions and disposals, share sale agreements, shareholder and joint venture agreements.

Who Should Attend?

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

CPD Certificate

Registered live webinar delegates will receive a CPD certificate for attendance at this webinar. Accountants can claim up to 1 CPD hour. Lawyers can claim up to 1 CPD unit/point – substantive law. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

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: [email protected]

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