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Courses/Accounting & Tax/Real Estate Tax

GST and Property - Common Problems

Understanding GST Rules for Property: Navigating Challenges and Updates

Created byTEO Training
BeginnerUpdated Jan 19, 2025
GST and Property - Common Problems

What You'll Learn

check_circleUnderstand when a client may be able to use the election not to treat a property sale as taxable
check_circleUnderstand when your client must register for GST, if they have an interest in property
check_circleDetermine whether any sale or purchase will be zero-rated and what happens if things aren’t what they seem on the face of the Agreement
check_circleUnderstand when and how the GST apportionment rules apply
check_circleUnderstand the impact of associated party transactions relating to property

About This Course

Learn about the issues that we are seeing in terms of the GST rules as they apply to property including recent changes.

There are regular changes to the GST rules as they relate to property which makes it hard sometimes to keep up.

We looked at the rules in a webinar earlier in the year. In this webinar we focus on the problems and issues that arise on a regular basis, as they relate to property.

In terms of land, whether you are a property developer, landlord, undertaking a small subdivision or renting out a room above a garage, the GST rules can have a significant impact on your bottom line. If you are an owner of property that is made available to an associate, care also needs to be taken to ensure that the GST rules are being applied correctly by both sides.

The session will provide discussion on how the GST rules might apply to those common problems, using practical examples.

This will include examples relating to the following:

  • Property Transactions issues - including the zero-rating of land rules – when and how the rules apply
  • Exempt, non-taxable and taxable supplies in the context of land including the election to treat a sale of property as not part of a taxable activity
  • The application of apportionment rules that can apply, including the recent changes
  • Associated Use, including the considerations that can arise.

Suited to:

  • Accountants at all levels
  • Lawyers providing advice on Agreements for Sale and Purchase of land and/or businesses

Your Instructors

TEO Training
TEO Training
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TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.

Daniel  Gibbons
Daniel Gibbons

Partner at Findex/Crowe

Daniel is a Partner for Findex in Queenstown. Daniel has been with Findex for 16 years, where he advises on a wide range of tax matters, including property transactions and property ownership structures, international taxation issues, the tax treatment of investments and providing structuring advice to clients, including assistance for family group restructures. Daniel is recognised as a leader in the taxation treatment of short stay accommodation, providing training to other practitioners.

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