Identifying what adjustments may be required for income tax and/or GST when land has a mix of uses can sometimes be difficult.
The session will provide an overview of the income tax and GST rules and how they might apply with practical examples. We will take into account the proposed changes to remove the mixed-use asset rules for GST purposes as announced in the Taxation (Annual Rates for 2022-2023, Platform Economy, and Remedial Matters) Bill released on 8 September 2022.
In particular the webinar will cover:
The webinar will cover a variety of practical examples, including, how the rules apply to and what limitations may apply.
The webinar will also touch on the different outcomes that arise, depending on ownership structure.
16 February 2023
Upon satisfactory completion of this activity you will be able to:
Accountants and Lawyers with clients that have assets used for mixed purposes.
Daniel Gibbons, Partner – Tax Advisory, Findex (presenting on behalf of TEO).
1.25 CPD Hours