Knowing how and when to apply the adjustment provisions of the GST Act can be tricky. In this webinar, we will go through the different adjustment rules that can apply when there is mixed or varied use of property.

The session will provide an overview of the rules and how they might apply.

In particular the webinar will cover:

• Implications when a previously owned asset is brought into a taxable activity
• Impact on assets if a person ceases to be registered for GST
• Concurrent use of assets (taxable and non-taxable use at the same time)
• Mixed-Use adjustments
• Examples of varied use (change of use rules)
• Associated Persons and varied use

The webinar will cover a variety of practical examples, addressing how the adjustment provisions apply to real estate and other assets, taking into account the IRD’s publications on short-term accommodation, and mixed use of assets.

The webinar will also look at GST change of use and mixed use in terms of the recently introduced and withdrawn Bill.

Upon satisfactory completion of this activity you will be able to:

• Understand when the change of use adjustment or mixed-use adjustment rules apply
• Calculate an adjustment under the relevant adjustment rules
• Apply these to practical situations

Suited to: Accountants at all levels.

1.25 CPD hours including 15 minutes for questions

PRESENTER

Nola Crafar, Senior Manager, Findex/Crowe

Nola is a Senior Manager for Findex in the Dunedin Tax Team.  Nola has been with Findex for over 15 years, where she advises on a wide range of tax matters, including property transactions and property ownership structures, structuring opportunities for businesses including relationship property considerations, providing advice on the tax treatment of transactions for clients and other professional advisory firms and managing Inland Revenue Department queries, disputes and debt relief applications.