GST - Opportunities and Implications with Property and Valuations (N170621)

9:00am Wednesday, 21 June 2017
10:30am Wednesday, 21 June 2017
Seminar
API Training Room - Sydney
Level 3, 60 York Street
Sydney, New South Wales 2000
Australia

Presented by Karl Wood, Director, Deal Advisory – Indirect Tax at KPMG, this session will provide a focus on GST in complex property transactions including those involving property development.

Topics to be covered:

  • Basic principles of GST and how it applies to commercial premises, residential premises and mixed use property
  • GST Margin Scheme - a look at eligibility and application requirements with a focus on some of the implications for mixed use developments
  • Supply of a going concern - a look at the requirements for when a transaction should qualify as 'GST-free'
  • When should 'residential premises' no longer be considered 'new residential premises' - a look at some of the considerations following the 'Gloxinia' case
  • Implications for a change in use with new residential premises, "buy, develop and sell" v "buy, develop and lease (and then sell)" scenarios
  • Latest hot issues and recent case law developments including compulsory acquisition, retirement villages, 'storage equities case', unimproved land and option fees
  • Overview of the proposed changes to GST law requiring purchasers of new residential premises and land in new subdivisions to remit the GST on the sale directly to the ATO at settlement. 

This session is intended to assist those who may be uncertain with the treatment and presentation of GST in different valuation scenarios including 'As if Complete' assessments either on a 'Gross Realisation' or 'In One Line' basis together with valuations of recently completed residential or mixed use projects held in entirety or in part by the original developer. 

Presenter

Karl Wood
Director
Deal Advisory - Indirect Tax, KPMG

Program

8:30amRegistration Opens
9:00amSeminar Commences
10:30amExpected Close
  

Registration Fees

API Members$64
API Student Members$48
Non-Members$80
All fees include GST 
  

CPD Points

Attendance at this event will accrue 1.5 CPD points. 

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For the full FAQ list please go to https://www.api.org.au/frequently-asked-questions and look for the API Events sub-heading. 

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Contact Information

For any enquiries, please contact the API office in Sydney.

Jennifer Cheung, CPD Development Manager

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