Out of court settlements – getting the GST right

$165.00

Clients often ask their accountants to advise on the GST implications of a dispute resolution. In this webinar, we will work through case studies to help you advise clients on the GST implications of payments made to settle or resolve a dispute.

[Running time: 1 hr 20 mins]

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Have you ever had a client resolve a dispute and ask whether GST should be included in a settlement sum paid under a settlement deed? You’re not alone!

Clients often ask their accountants to advise on the GST implications of a dispute resolution. In this webinar, we will work through case studies to help you advise clients on the GST implications of payments made to settle or resolve a dispute.

We will cover:

  • the common misconception that a payment is not subject to GST because it’s for damages – there’s more to it than that!
  • identifying the types of supplies that can be made under a settlement arrangement and the consideration for those supplies
  • the consequences of getting the GST treatment wrong
  • things to look out for in GST clauses.

After the webinar, you should be able to advise clients on the GST implications of payments made under agreements to settle a commercial dispute and identify risks with GST clauses in settlement agreements.

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