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Recorded Webinars

Recorded Webinar: Unlocking GST Savings: Mastering the Margin Scheme

Before applying 10% as the basis of the calculation for the GST component of a taxable supply of property, it may be worthwhile determining whether the margin scheme is available to reduce that amount. This session explores this often misunderstood GST concession, to assist with e
PRESENTED BY Jeff Pfaff Partner - PwC , Brisbane

Date/Time

About the Webinar

Before applying 10% as the basis of the calculation for the GST component of a taxable supply of property, it may be worthwhile determining whether the margin scheme is available to reduce that amount. This session explores this often misunderstood GST concession, to assist with ensuring that the scheme is applied correctly to a taxable supply of property, including:

  • Property transactions that are eligible and ineligible to have the margin scheme applied
  • Why eligibility may depend on a due diligence look-through approach as to whether the previous owner was eligible to use the scheme
  • Conditions to be met and documentation to be maintained by the seller and purchaser for the margin scheme to apply
  • The methods that can be used to calculate the margin
  • GST impact on the purchaser when the margin scheme is used
  • Tips for developers to minimize GST on a final sale
  • How the GST withholding regime applies to the margin scheme
  • Practical examples

Presented By

Jeff Pfaff
Partner, PwC Brisbane, Qld

Jeff is a Partner in PwC's Financial Advisory Group and leads the firm’s Indirect Tax Practice in Brisbane.

He has specialised in indirect taxes since 1999 and advises on the entire spectrum of managing its commercial, technical and administrative challenges. His client list ranges from small businesses to some of Australia’s largest public and private companies.

Prior to joining PwC, he was employed by the Australian Taxation Office (ATO) as a Senior Director. During his time at the ATO, Jeff had various responsibilities at a national level for the strategic management of technical and compliance issues. In particular, these issues included managing compliance risks in the property sector and the application of the general anti-avoidance rules. He also led some of the Commissioner’s largest and most complex audits.

Who Should Attend?

This webinar is suitable for accountants advising on GST & property – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim up to 1 CPD hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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