Tag "GST"

GST Article – GST and Agency

There are specific GST implications for transactions involving agency. As is so often the case, to determine the GST treatment we first need to understand the specific facts and circumstances of the transaction entered into between the parties. This then also determines how the transaction needs to be accounted for accurately.

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GST Article – GST and Membership Fees

This article considers whether membership fees are subject to GST.

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GST Q&A – GST and sale of vacant land by a Council

Whether GST applies to a Council’s sale of vacant land and whether the Council can claim input tax credits in respect of the conveyancing costs and real estate agent’s commission.

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GST Article – Purchasers required to withhold and remit GST payable by vendors: the general operation of the proposed legislation

Purchasers, vendors, some parties to gifts of land, and parties to long term leases of land need to be aware of proposed legislation currently before the Commonwealth Parliament. From 1 July 2018, some purchasers/transferees (and some lessees) of land will be required to remit GST which is payable by some vendors/transferors (and some lessors). Those […]

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GST Article – Purchasers required to withhold and remit GST payable by vendors – the transitional operation of the proposed legislation

In a separate article, we have outlined the general operation of proposed legislation which provides for purchasers and others to withhold and remit to the Australian Taxation Office, GST payable by vendors (and others) in relation to certain transfers of land. The legislation is anticipated to be operative from 1 July 2018. This article considers […]

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GST Article – Payments between Clubs and Councils

Transactions between Clubs and Councils may give rise to various different GST outcomes, usually depending on how the transaction is carried out, but also sometimes complicated where the Club is not GST-registered. This article looks are a scenario and the GST considerations.

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GST Q&A – GST and debt recovery costs

How does GST apply to debt recovery costs both incurred and charged to customers?

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GST Q&A – Whether sale of leased commercial property is a going concern

Can the sale of a commercial property with an existing lease in place be a GST-free supply of a going concern?

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