Issues covered in this presentation include:
- enterprise issues concerning property development including small scale developments and sale of vacant land (MT 2004/D3)
- classification issues of property development structures (GSTR 2004/6: tax partnerships & co-owners)
- alterations to non-reviewable leases transition rules (Tax Laws Amendment (Long-Term Non-Reviewable Contracts) Act 2005)
- alterations to GST on property transactions including the margin scheme, GST groups and joint venture groups (Rulings GSTR 2004/2, GSTR 2004/3 and Taxation Laws Amendment (2005 Measures No 2) Bill)
- application of GST to commercial residential dwellings including serviced apartments and holiday accommodation (Marana Holdings Pty Ltd v FCT 2004 ATC 4,256)
- change in use of property and Division 129 adjustments.