GST and property is an increasing area of dispute, usually with significant financial consequences for clients. The rules seem to be based as much on 'lore' as 'law'. This paper separates the fact from the fiction, and critically analyses some fundamental rulings and cases which assist in determining whether a GST liability really arises. Issues include:
- the margin scheme debacle - what the ATO's draft rulings really mean for you and an insight into recent disputes
- what the Marana Holdings decision means to the sale of serviced apartments, resorts, holiday houses and retirement villages
- property developments - determining when are you required to be registered for GST, and when can you deregister.