Tag "GST"

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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GST Article – Ho, Ho – Oh! More Withholding Obligations

It is expected that Federal Parliament will deliver a “GST legislative parcel” after the current festive season, but in time for the new financial year. This note outlines the proposal for purchasers of certain properties to remit GST that is payable by their vendors. It highlights some matters for consideration when purchasing/selling relevant land.

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GST Article ‘ Some comments on ‘New Residential Premises’ and ‘potential residential land’

This article complements the note on the GST withholding obligation contained in this month’s newsletter. It briefly reminds readers about the basic nature of ‘new residential premises’ and then looks at the less frequently encountered concept of ‘potential residential land’.

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GST Article ‘ GST-free adult and community education providers

The ATO has provided a reminder regarding when an adult and community education course may not attract GST-free status.

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