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Recorded Webinars

Recorded Webinar: GST Adjustments and Change of Purpose

Though Division 129 of the GST Act is highly significant for property developers and investors, the provisions can appear dry at first glance. This practical session takes an in-depth look at the GST consequences of a change of purpose using two case studies:

Date/Time

About the Webinar

Though Division 129 of the GST Act is highly significant for property developers and investors, the provisions can appear dry at first glance. This practical session takes an in-depth look at the GST consequences of a change of purpose using two case studies:

  • Case study 1: Block of land in retail strip purchased for knock down of shop and construction of 3 storey building – ground floor was to be business run by the owner, 1st floor was residential lease investment and 2nd floor was to be main residence. Foreclosure led to sale of the property.
  • Case study 2: Subdivide and develop property intending to sell, but then lease both lots, one temporarily before sale and the other as an ongoing property investment

Issues considered in this session include:

  • Identifying adjustment periods
  • Time of the change of purpose
  • Maintaining documentation and evidence to support change of purpose
  • Calculation of adjustments and reasonable methods of apportionment
  • When does the clock start ticking: the 4-year time limit on GST refunds?

Presented By

Ross Higgins
Partner, Mills Oakley Melbourne, Vic

Ross Higgins is a partner in the Melbourne office working primarily in the area of ­­­­­­­Taxation Law. Ross has particular expertise in complex income tax, structuring, funding and transactional issues for domestic and international business, both public and private, GST and duty issues and tax audits and disputes.

Ross brings a wealth of experience from the high level advising he has done on a number of merger and acquisitions projects, property developments, complex group restructures, cross-border operations/investments, tax consolidated groups, employee share schemes, privately owned groups including asset protection and succession planning, funds management, cryptocurrency and blockchain, superannuation, charity and not-for-profit and dealing with revenue authorities.

Ross has acted for listed companies, foreign-owned companies and a myriad of privately owned groups. He has also acted as an adviser to Government.

Ross is on the Tax Technical Committee for The Tax Institute and is a regular presenter on tax topics.

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.

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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