Whilst the income tax is often front of mind, when it comes to small-scale property developments, GST should not be overlooked.
This session explores how GST can impact on such projects, including:
A review of recent ATO guidance and views
Distinguishing between commercial and private arrangements
The GST issues to consider for a property purchase, renovation, and then sale
Two new townhouses – live in one, rent one, how does the GST work?
How do property sale proceeds impact on the GST turnover test when determining if GST registration is required?
Can the margin scheme be useful for small- scale developments?
Presenter
Neil Brydges, Principal
Neil is a Principal in the business law area, with a particular focus on taxation advice and disputes.
Taxation law is a complex area. Neil’s aim is to provide technical expertise to clients, commercially applied and in a friendly and approachable manner.
Neil’s practice involves advice, audits, disputes, and transactions. The client mix includes both family groups and business enterprises. Neil also regularly assists professional advisors, including tax agents, accountants, and financial advisors, to understand complex legal issues and help them to better assist their own clients.
View Neil’s full profile here
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