Close
My Cart (0 items)
Checkout

Login to TEN

Privacy Policy
Privacy Policy
Return
My Cart (0 items)
Checkout
86414
Recorded Webinars

Recorded Webinar: To Have and To Hold - A Practical Guide to GST Withholding Tax for Property Lawyers

The GST Withholding Tax measures were introduced in 2018 to prevent phoenix activity by developers and place the onus for GST payment on purchasers. Several years on, the calculation and application of the law continues to cause some confusion. This session provides a detailed st
PRESENTED BY Matthew Cridland Partner - K&L Gates

Date/Time

About the Webinar

The GST Withholding Tax measures were introduced in 2018 to prevent phoenix activity by developers and place the onus for GST payment on purchasers. Several years on, the calculation and application of the law continues to cause some confusion. This session provides a detailed step by step guide to property lawyers acting for vendors or purchasers of impacted properties, including:

  • A background to the legislation and the conduct it was aiming to prevent. Has it been successful?
  • What transactions are subject to GST withholding tax?
  • Unpacking the terminology of the legislation
  • When is a purchaser required to withhold the GST? Are there any exemptions to the requirements?
  • Drafting tips for GSTwithholding tax obligations in contracts of sale
  • Calculating the amount to be withheld, including:
    • application of the margin scheme
    • percentage or amount to be withheld
    • what is the contract price on which the calculation is made?
  • How is the GST withheld in practice?
  • What are the vendor’s notification obligations?
  • What are the penalties for failure to comply with the legislation?
  • Practical issues at settlement that property lawyers need to be aware of, including online forms and due dates

Presented By

Matthew Cridland
Partner, K&L Gates

Mr. Cridland is a Sydney based indirect tax lawyer. He advises clients in relation to all indirect taxes, including goods and services tax (GST), stamp duty, land tax, payroll tax, wine equalisation tax (WET), luxury car tax (LCT), customs duty and excise.

With respect to clients and sectors, his areas of experience include: real property, financial services, corporate mergers and acquisitions, energy and resources, public private partnerships (PPPs) and infrastructure, telecommunications, retail, insolvency and restructuring, and inbound intangible supplies. He also has experience advising both Federal and State Government agencies.

Prior to joining K&L Gates, Mr. Cridland worked at an international law firm where he was the Head of the GST and Customs Duty (Australia).

Who Should Attend?

This webinar is suitable for lawyers practising in property law – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

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.

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]

Go to top