Issue #14
GST Margin Scheme Changes
Urgent: Potential Window of Opportunity for Property Developers
We refer to announcements in the Federal Budget 2008 that changes would be made to the margin scheme where property is acquired via a non-taxable supply (eg. as a supply of a going concern, or farm land, or from associates). See our newsletter “The [...]
Welcome to Webb Martin Consulting's newsletter The Assessment.
The Assessment gives us the opportunity to provide you with a practical and informative take on a topical tax issue. As we like to say, "This is one Assessment you will enjoy receiving."
Issue #13
Urgent: Property Developers & GST
Critical ATO change to dealing with GST credits where properties are built for sale, cannot be sold and instead are rented pending sale.
The ATO has just released an ATO ID which significantly changes the public position advocated since the inception of GST dealing with how to treat input tax credits [...]
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The Assessment - Brady King Appeal - Full Federal Court decides GST issue in favour of developer
Issue #12
*** Breaking News ***
Brady King Appeal - Full Federal Court decides GST issue in favour of developer
This morning the Full Federal Court handed down its decision in Brady King Pty Ltd v FCT. The decision was an appeal from Middleton J’s decision (discussed in The Assessment - Issue 6 (Mar 2008)).
The Full Court allowed [...]
Issue #11
Have you had to deal with a forfeited deposit?
Forfeited deposits under Victorian standard contracts for the sale of real property can attract GST - so say the High Court in a unanimous judgment in FCT v Reliance Carpet Co Pty Ltd [2008] HCA 22.
Some considerations arising from the decision are identified in the questions [...]
Issue #10
The last edition of ‘The Assessment’ (Issue 9) dealt with Key Tax Issues from the 2008 Federal Budget. In this edition we are looking at what is potentially the most significant tax issue in the Budget - proposed GST changes to the margin scheme.
Before doing so, however you may have noted that Issue 9 [...]
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The Assessment
- The Assessment gives us the opportunity to provide you with a practical and informative take on a topical tax issue. As we like to say, "This is one Assessment you will enjoy receiving."
- The Assessment - GST Margin Scheme Changes
- The Assessment - Property Developers & GST
- The Assessment - Brady King Appeal - Full Federal Court decides GST issue in favour of developer
- The Assessment - Have you had to deal with a forfeited deposit?
- The Assessment - Exciting new alliance with TaxBanter
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