Description

Farming and GST

GST is a constant for all businesses, but there are many aspects of farming where the GST rules are different or require careful consideration. In this webinar we will discuss the application of the GST rules to farming, pointing out things that we need to be aware of when advising the primary sector on all things GST.

In particular we will discuss:

• GST registration and lifestyle blocks
• Farmhouses – what can you claim
• Farmstays/homestays
• Apportionment – Private v Business
• Secondhand goods
• Associated person transactions including leases/bailments

The webinar will be suited to anyone who advises farming businesses on the GST consequences of transactions or who prepares GST returns for their farming clients.

ORIGINAL BROADCAST DATE

2 November 2022

LEARNING OUTCOMES

Attendees will hear how to correctly deal with tax consequences of owning bloodstock.

SUITED TO

Accountants and other professionals advising clients in the rural sector.

PRESENTER

Tony Marshall, Principal, CEG Limited.