Recorded Webinar: GST Small Property Development Risk Check List

This practical session is designed for advisers of small or one-off property developers. It gives a comprehensive overview of GST issues in different development scenarios, including:

• Registration requirements when undertaking a one-off development

• Has property been sold as a taxable supply? – claiming back GST on purchase

• Has the property been sold as an input taxed or GST free supply?

• Is the vendor selling under the margin scheme or as a supply of a going concern?

• Developing the property – claiming input tax credits when sole purpose is to make a taxable supply

• Definition of ‘new’ residential property – selling property within 5-year limit

• What if the property is partially used to make input taxed supplies?

• Leasing arrangements in developments – when is it a supply of a going concern?

• Incorporating a GST recovery clause in contract of sale

• Case study - 3 development scenarios all commercially equal, only difference is GST