GST & the Margin Scheme: Calculation

Eligibility satisfied? Now run through how the calculation works for applying the margin scheme in Part 2 of 2 in this series.

In this session, we cover:

• A recap of the margin scheme

• Notes and common issues

• The law from 17 March 2005

• Valuation requirements - MSV 2020/1

  • A New Tax System (Goods and Services Tax) Margin Scheme Valuation Requirements Determination 2020

• Margin scheme in particular circumstances (Section 75.11)

  • GST groups

  • Joint venture

  • Inheritance

  • Going concern or farmland

  • Associate

  • Branch or sub-entity

• But wait... There’s more!

Date recorded: 13 June 2024