- Property disputes continue to be the biggest source of legal disputes in regards to the GST, for many reasons including:
- the distinction between the GST treatment of the various forms of property, including residential premises
- the misinformation surrounding the application of the margin scheme to residential premises
- "expert"? opinions on GST matters by real estate agents and developers
- a lack of understanding of GST by both (or either) party to the transaction
- a lack of understanding of the detail by some lawyers
- the complexity of the "supply of a going concern"? provisions.
- This event covered the practical application of the GST legislation to property transactions via examination of a number of cases.