Learn about the issues that we are seeing in terms of the GST rules as they apply to property including recent changes and the IRD approach.

Regularly, there are changes to the GST rules as they relate to property which makes it hard sometimes to keep up.

In this webinar, we will outline the rules and look at some of the issues that arise on a regular basis, as they relate to property.

In terms of land, whether you are a property developer, landlord, undertaking a small subdivision or renting out a room above a garage, the GST rules can have a significant impact on your bottom line. If you are an owner of property that is made available to an associate, care also needs to be taken to ensure that the GST rules are being applied correctly by both sides.

The session will provide discussion on the GST rules and how they might apply to those common scenarios, using practical examples including application of zero-rating, the nature of supplies and the application of the Taxable Activity Supply Election.

Upon satisfactory completion of this webinar, you will be able to:

• Understand when your client must register for GST, in relation to their property activity
• Determine whether any sale or purchase will be zero-rated and what happens if things aren’t what they seem on the face of the Agreement
• Understand when a client may be able to use the election not to treat a property sale as subject to GST
• Understand when and how the GST apportionment rules apply
• Understand the impact of associated party transactions relating to property.

Suited to:

• Accountants at all levels.
• Lawyers providing advice on Agreements for Sale and Purchase of land and/or businesses.

Duration: 1.00 CPD hours including Q&A

PRESENTERS

Daniel Gibbons, Partner, Findex/Crowe
Daniel is a Partner for Findex in Queenstown. Daniel has been with Findex for 17 years, where he advises on a wide range of tax matters, including property transactions and property ownership structures, international taxation issues, the tax treatment of investments and providing structuring advice to clients, including assistance for family group restructures. Daniel is recognised as a leader in the taxation treatment of short stay accommodation, providing training to other practitioners.