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Know Your GST Position Before You Sign
The 10th Edition of the ADLS / REINZ Agreement for the Sale and Purchase of Real Estate was released in November 2019. Some of the GST clauses in the Agreement have changed. This includes some of the GST warranties and GST pricing clauses.
It is critical that vendors and purchasers of land understand their GST position, and the warranties they are providing, before they sign an agreement to sell or purchase land. Getting the GST position wrong on a property transaction, or being subject to a warranty claim, can have a significant impact on the financial outcome of the land transaction for both parties.
This practical webinar will use case studies to explain the GST aspects of an Agreement for Sale and Purchase of Real Estate, and the warranties provided by the parties. It will assist you in advising your clients on their GST position on the sale and purchase of land, and to avoid costly mistakes. Topics covered include pricing and price uncertainty, the effect of a party changing their GST status before settlement, zero-rating, “split supplies”, and the effect of nominations.
19 February 2020
Accountants of all levels, in-house accountants, lawyers, real estate agents and others who advise clients on the sale and purchase of property.
Susan Ballantyne, Senior Associate, Tomlinson Law
1.5 CPD Hours