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Recorded Webinars

Recorded Webinar: Property Transactions and GST: A Ticking Timebomb for Advisers?

Clients regularly undertake property transactions without giving much thought to the possible negative GST consequences of a transaction. Even though the GST regime has been in place since the 2000 income year, advisers themselves are still uncertain about the application of the
PRESENTED BY Andrew Sommer Partner - Clayton Utz , Sydney

Date/Time

About the Webinar

Clients regularly undertake property transactions without giving much thought to the possible negative GST consequences of a transaction. Even though the GST regime has been in place since the 2000 income year, advisers themselves are still uncertain about the application of the various rules and concessions that may apply to a particular property transaction. This session aims to clarify some of the uncertainty and covers the following areas:

  • Does my client’s property development venture constitute an enterprise for GST purposes (e.g. An adventure or concern in the nature of trade)?
  • Analysis of the registration rules
  • Analysis of concessions and interaction with practical scenarios (e.g. margin scheme, going concern)
  • Change of use adjustments from taxable supply of new residential premises to input taxed supply of residential rent
  • Examination of recent cases and rulings

Presented By

Andrew Sommer
Partner, Clayton Utz Sydney, NSW

Andrew Sommer is the National Practice Group Leader for our Taxation group and is an experienced tax lawyers who advises on a wide variety of indirect tax matters including GST, income tax, fringe benefits tax, land tax and pay roll tax.

Andrew has extensive experience in the GST aspects of financing structures (including securitisations), major projects, property transactions and the whole range of commercial transactions and is experience in the conduct and management of disputes with revenue authorities and litigation at all levels, including proceeding before the High Court. Andrew has also been responsible for various submissions lodged with the Australian Taxation Office and Commonwealth Treasury on behalf of clients and industry groups.

Andrew regularly presents on GST and indirect tax issues at tax specialist conferences. Andrew is a member of the Australian Taxation Office’s indirect Tax Rulings Panel and a member of the ATO’s GST Stewardship Group.

Who Should Attend?

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

CPD Information

Accountants can claim up to 1 CPD/Training hour. 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]

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