Proposed changes to GST on property transactions

Measures to strengthen compliance with the GST law in the property development sector have been introduced into parliament this week. The Treasury Laws Amendment (2018 Measures No 1) Bill 2018 will amend several tax laws to require purchasers of new residential premises and new subdivisions of potential residential land to make a GST payment directly…

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Missed a flight? You’ve missed the GST claim too.

In a decision handed down yesterday [Thur 1.9.2011], the Full Federal Court has unanimously upheld the taxpayer’s appeal in holding that it was not liable for GST on amounts received from passengers who booked and paid for domestic airline travel, but who subsequently cancelled a booking or did not appear for a flight and did…

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