Description

Common Mistakes and How to Avoid Them

This webinar will help you to identify common GST mistakes, so you can assist your clients to apply the GST rules correctly, and achieve the GST outcomes they expect. A highlight of this webinar will be consideration of the new GST rules which will apply on the sale of farmhouses and holiday homes, and the changes to the GST adjustment rules. Extensive use of case studies will highlight a number of areas where mistakes are commonly made when dealing with GST.

ORIGINAL BROADCAST DATE

20 June 2023

LEARNING OUTCOMES

You will:

• Know how to identify “red flags” in transactions and situations in which GST mistakes commonly arise.
• Learn about recent changes to the GST rules, including changes to the GST adjustment rules, and to the GST position on the sale of properties which have minor taxable use, including farmhouses and home offices.
• Know how GST applies to holiday homes used to provide short-stay accommodation, including the GST position when the taxable use ends, and the impact of the recent GST changes.
• Understand the issues arising from property transactions which commonly give rise to GST mistakes, including issues in completing the ADLS sale and purchase agreement, zero-rating issues, second-hand goods credit claims, and GST adjustments.

SUITED TO

Accountants of all levels, tax lawyers, property lawyers and others who advise clients on GST issues.

PRESENTER

Susan Ballantyne, Senior Associate, Tomlinson Law.