Webinar | GST – Opportunities and Implications with Property and Valuations (G180522)

1:00pm Tuesday, 22 May 2018
2:30pm Tuesday, 22 May 2018
Webinar

Presented by Steven Ren, Senior Manager - 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 include:

  • Basic principles of GST and how it applies to commercial residential premise and mixed used property
  • GST Margin Scheme – a look at eligibility and valuation 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’ supply of a leasing or development enterprise
  • When should ‘residential premises’ no longer be considered ‘new residential premises’ – a look at some of the considerations following the ‘Gloxinia’ case and subsequent legislative amendments
  • Implications for a change in use with new residential premises, “buy, develop and sell” vs. “buy, develop and lease (and then sell)” scenarios
  • Latest hot issues and recent case law developments including compulsory acquisitions, retirement villages, ‘storage equities case’, unimproved land evaluations and GST treatment of option fees
  • Overview of the changes to GST law requiring purchases 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

Speaker

 
Read more about the Presenter

Steven Ren
Senior Manager - Indirect Tax
KPMG

Steven has over 7 years’ experience advising on indirect taxes.  He is an expert in providing GST advice on a broad range of sectors including property and infrastructure, and M&A transactions. Steven has experience in advising both government and private sector clients (including listed clients and property funds) in relation to their real property transactions.

Program

12:45pmPlease go to the webinar link (link to be sent 24 hours prior)
1:00pmWebinar Commences
2:30pmExpected Close
  

*All times are AEST

Registration Fees

API Members$84
Non-Members$120
  

*All fees are GST inclusive

CPD Points

Attendance at this event accrues 1.5 CPD points.

Attendees must register individually to receive 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.

Terms and Conditions
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* Price includes GST where applicable
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Contact Information

Jennifer Cheung, CPD Development Manager

If you have any questions about this event, please contact the API office in NSW.

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