GST is not simple but there are some easy steps you can take to help protect you and your clients. Claims usually occur during the sale of commercial or new residential land or the sale of businesses.
GST is not simple but there are some easy steps you can take to help protect you and your clients. Claims usually occur during the sale of commercial or new residential land or the sale of businesses.
Common GST questions in relation to registration, land transactions, purchaser withholding and more.
Practitioners are often engaged by a client to ‘do the conveyancing’ associated with the sale or purchase of real property. Typically, they are not specifically instructed to provide taxation or stamp duty advice, but there is usually no transaction relating to real property that doesn’t have taxation or duty implications
Goods and Services Tax (GST) is a 10% value added tax payable on supplies of most goods and services.
Have a client-related question about GST? LPLC's dedicated GST advice service can help you find the answer.
There is no prescribed form for section 14 - 255 of Schedule 1 Taxation Administration Act 1953 (Cwlth) supplier GST withholding notice. LPLC has developed a suggested form of notice practitioners can use or adapt. Page two of the notice contains some notes for its use.
Below are frequently asked GST questions in regards to vacant land issues. Click on the question below to view answer.
Below are frequently asked questions in regards to margin scheme issues. Click on the question below to view answer.
This section covers the most frequently asked questions in regards to general GST issues.
Below are frequently asked questions relating to GST in regards to farm land. Click on the question below to view answer.
Below are frequently asked questions in regards to new residential property issues. Click on the question below to view answer.
This section covers frequently asked GST questions in regards to new residential property issues.
Below are frequently asked questions in regards to Going Concern issues. Click on the question below to view answer.
This is a frequently asked GST question with a few twists.
In this article GST specialist and hotline consultant lawyer for LPLC, Derry Davine, explains how margin scheme GST is calculated, and why the calculation is different to the calculation of the amount to be withheld by the purchaser and remitted to the ATO.
Here are some handy hints to help you navigate your next GST question. The starting point for all GST questions should be: is the vendor registered for GST or required to be registered?
The sale and purchase of a business or enterprise can be goods and services tax (GST)-free if it is a ‘going concern’.
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.
Seminar from 2019's Risk Management Intensive. Presented by Phil Nolan, Risk Manager, LPLC.
Seminar from 2018's Risk Management Intensive. Presented by Derry Davine.
In this seminar LPLC Risk Manager, Phil Nolan, provides practitioners with information to avoid claims associated with duty, land tax, CGT and GST.
Have a client-related question about GST? LPLC's dedicated GST advice service can help you find the answer.
Below are frequently asked GST questions in regards to vacant land issues. Click on the question below to view answer.
Below are frequently asked questions in regards to margin scheme issues. Click on the question below to view answer.
This section covers the most frequently asked questions in regards to general GST issues.
Below are frequently asked questions relating to GST in regards to farm land. Click on the question below to view answer.
Below are frequently asked questions in regards to new residential property issues. Click on the question below to view answer.
This section covers frequently asked GST questions in regards to new residential property issues.
Below are frequently asked questions in regards to Going Concern issues. Click on the question below to view answer.
11 frequently asked questions and answers.
Have a client-related question about GST? LPLC's dedicated GST advice service can help you find the answer.
Common GST questions in relation to registration, land transactions, purchaser withholding and more.
Subscribe to receive the latest Risk Management resources, updates and news directly to your inbox.