Description
After this webinar, you will be able to identify:
- What are the GST consequences when a farming business stops?
- When must a landowner cancel their GST registration?
- When will a landowner make a taxable supply of ex-farmland?
- By contrast, when will a supply of farmland be GST-free?
- When does a supply of a property have to be apportioned between taxable, GST free and input taxed components?
- What should a buyer check, before they buy a property, to determine whether they can apply the GST margin scheme to their sales of developed stock?
- What GST clauses in contracts should advisers look out for?
