GST & the Margin Scheme: Eligibility to Use
By Ken Fehily
1h 12m CPD time
Difficulty: Intermediate
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Want to use the margin scheme in a property development? Tackle eligibility to use this method in Part 1 of 2 in this series.
In this session, we cover:
What can the margin scheme be applied to?
GST definition of “real property”
What does the margin scheme do?
Why was the margin scheme introduced?
Is the margin scheme automatic or optional?
Lost GST on going concern margin
New laws in 2005 and 2008
New laws from 17 March 2005
New laws from 9 December 2008
Date recorded: 12 June 2024