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  Miscellaneous 2006

GST traps and opportunities within the retirement villages and nursing homes industry

Source: QLD

Published Date: 14 Jun 2006

 

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This paper covers the following:

  • GST classification of retirement village and nursing home supplies to residents
  • entitlement to input tax credits during construction of retirement villages and nursing homes
  • adjustment of input tax credit claims on change of use or on sale
  • watch-out - acquisition of retirement village or nursing home as a GST-free supply of a going concern - Division 135 increasing adjustment
  • watch-outs - retirement village and nursing home structures leading to inequitable GST results.
This paper was also presented by Heath Shonhan at the 'Retirement Villages: Understanding the tax implications' seminar held in Brisbane on 25 October 2006.
Author(s)

Individual Session

GST traps and opportunities within the retirement villages and nursing homes industry

Author(s): Ken Claughton
Materials from this session:

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Details

  • Published By: Ken Claughton
  • Published On:14 Jun 2006
  • Took place at:The Chifley on Lennons, Brisbane

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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Miscellaneous 2006

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