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Recorded Webinars

Recorded Webinar: Traps in GST-free Supplies of a Going Concern - And How to Avoid Them

Selling a business as a GST-free going concern is now regarded as standard operating practice, which can give rise to complacency and mistakes. Using a series of checklists, this session explores the types of issues that can be overlooked by advisers and taxpayers entering into s
PRESENTED BY John Russell Special Counsel - MinterEllison , Melbourne

Date/Time

About the Webinar

Selling a business as a GST-free going concern is now regarded as standard operating practice, which can give rise to complacency and mistakes. Using a series of checklists, this session explores the types of issues that can be overlooked by advisers and taxpayers entering into supply of a going concern, including:

  • Whether you should supply something as a going concern (i.e. benefits/risks for vendor vs. purchaser);
  • Whether you actually can supply something as a going concern;
  • Going concern transactions involving multiple vendors and a single purchaser, and vice versa;
  • Selling property that is fully or partly tenanted as a going concern;
  • Drafting going concern provisions to suit your client;
  • Interaction with other provisions in the GST Act (including GST-free farmland, increasing adjustments under Division 135, etc).

Presented By

John Russell
Special Counsel, MinterEllison Melbourne, Vic

John has extensive experience advising both private and government clients on the GST implications arising across a vast array of property transactions and structures. In particular, John has assisted government clients in long running disputes with the ATO in respect of the application of the margin scheme to their sales, as well as advising private developers on large scale developments. More recently, he’s assisted clients in preparing for, and the implementation of, the new GST withholding regime.

More broadly, John has experience in the retail, resources, education and cross-border sectors, and has helped clients to navigate through complex ATO reviews and disputes. He has a good working relationship with the ATO which has been developed over a number of years and clients value his clear, commercial advice.

John was admitted as an Australian Legal Practitioner in February 2018 and holds a Bachelor of Laws and Bachelor of Commerce degrees.

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 Information

Accountants can claim up to 1 CPD/Training 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.

WA lawyers – From 1/4/2021, due to changes to your CPD requirements we are unable to verify your completion of recorded webinars to the Legal Practice Board of WA.

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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