Description
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 TLANZ / REINZ Agreement for Sale and Purchase of Real Estate. This webinar will also consider Inland Revenue’s latest guidance on when the subdivision of land will be a “taxable activity” for GST purposes, and the GST rules applying to accommodation and transportation services supplied through online marketplaces.
Extensive use of case studies will be used to demonstrate a number of areas where mistakes are commonly made when dealing with GST.
LEARNING OUTCOMES
You will:
- Know how to identify “red flags” in transactions and situations in which GST mistakes commonly arise.
- Understand the issues arising from property transactions which commonly give rise to GST mistakes, including issues in completing the TLANZ / REINZ Agreement for Sale and Purchase of Real Estate, zero-rating issues, and second-hand goods credit claims.
- Learn about Inland Revenue’s latest guidance on when the subdivision of land will be a “taxable activity” for GST purposes.
- Learn about the GST rules applying to accommodation and transportation services supplied through online marketplaces.
- Know how GST applies to holiday homes used to provide short-stay accommodation, including the GST position when the taxable use ends.
SUITED TO
Accountants of all levels, tax lawyers, property lawyers and others who advise clients on GST issues.
PRESENTER
Harry Waddell, Partner, Tomlinson Law
Harry Waddell is a partner at Tomlinson Law. Prior to joining Tomlinson Law, Harry worked as a senior tax manager in an international accounting firm. Harry has an LL.B. and a M.Com. (1st class honours) from the University of Canterbury, and is currently studying for a PhD part-time at the University of Canterbury. Harry has experience working on a range of GST issues including agreeing GST apportionment and adjustment methodologies with Inland Revenue and successfully obtaining GST binding rulings.
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