It is important for solicitors acting in property transactions to understand how the Goods and Services Tax (GST) works and how it will apply to their client’s transactions.
Join guest speaker Rachel O’Donnell, Principal of O’Donnell Tax Law as she explains some of the important GST issues that arise in real estate deals and provides guidance for legal professionals including:
- When a transaction is GST-free, input taxed, or qualifies as a supply of a going concern
- How the margin scheme operates and when it can be applied
- Managing GST obligations in the contract of sale and at settlement
- Understanding the GST withholding regime.
With useful insights and practical examples, this session is designed to assist solicitors doing real property transaction work.
Presented by Rachel O'Donnell
1 CPD - Substantive Law
PDF slides attached
