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Recorded Webinars
Recorded Webinar: How to Calculate the Margin: GST and the Margin Scheme
The margin scheme is an option to use for calculating GST on the taxable supply of real property, including granting or selling a long- term lease. When opting to use the scheme, a recent AAT case highlights the importance of getting the calculation method right at the outset. Th
PRESENTED BY
Cliff Chang
Director - Tax, Grant
Date/Time
About the Webinar
The margin scheme is an option to use for calculating GST on the taxable supply of real property, including granting or selling a long- term lease. When opting to use the scheme, a recent AAT case highlights the importance of getting the calculation method right at the outset. This session drills down on the calculation methods to use, including:
- When to use the valuation method and when to use the consideration method
- For the consideration method:
- how are settlement adjustments treated?
- how are Government charges treated?
- When a valuation is required and the requirements of MSV 2020/1
- What if the vendor incurred costs as a condition of the original purchase? Can those costs form part of the margin calculation? (WYPF v FC of T [2021] AATA 3050)
- What costs incurred pursuant to a contract are considered to be non-monetary consideration? (PBR 1051828236054)
- Practical examples of margin scheme calculations
Presented By
Cliff Chang
Director - Tax, GrantWho Should Attend?
This webinar is suitable for accountants and lawyers advising on GST and lawyers practising in property law – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge. CERTIFICATE
CPD Information
CERTIFICATE
Accountants can claim 1 CPD/Training hour. Lawyers can claim 1 CPD unit/point – substantive law .
WA lawyers – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.
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]