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Recorded Webinars

Recorded Webinar: GST Clauses in Property Contracts: It Pays to Cover Yourself

The treatment of GST on property sales can involve complexities that include the margin scheme and GST free provisions. Disputes can arise in the event of underpaid GST, including who is liable, after the transaction has undergone a closer look from the ATO. This session looks at
PRESENTED BY Matthew Cridland Partner - K&L Gates

Date/Time

About the Webinar

The treatment of GST on property sales can involve complexities that include the margin scheme and GST free provisions. Disputes can arise in the event of underpaid GST, including who is liable, after the transaction has undergone a closer look from the ATO. This session looks at the contract clauses that affect GST to assist in ensuring the transacting parties are fully informed of the potential GST outcomes, including:

  • The GST risks for:
  • The vendor
  • The purchaser
  • The potential for Division 135 adjustments
  • How to determine which party is liable for a GST underpayment when:
  • GST free going concern requirements are not met
  • GST free farmland requirements are not met
  • When is it prudent to apply for a private binding ruling on the GST treatment of a property transaction?
  • How much weight can be given to relying on the ATO’s property decision tool?
  • What do first time property developers need to be aware of?
  • What are the elements of a good GST clause in a contract?
  • War stories

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 and accountants – 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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