when developing property, with legislative references.

In this session, we cover:

Margin scheme methodology
- You must know - before jumping to Step 1
- Simplistic practical approach
Step 1: Calculate the ‘consideration in connection’ with the supply you are making
- What is included?
- Settlement day adjustments
- Calculating step by step
Step 2: Deduct a ‘base amount’ to get the ‘margin’
Step 3: GST equals 1/11th of the margin
What happens if you get it wrong
Case studies:
- Property used in carrying on an enterprise prior to 1 July 2000
- Property acquired after 1 July 2000 under the margin scheme from previous vendor
- Property held privately and first used in carrying on an enterprise after 1 July 2000

Download resources below.

Date recorded: 8 April 2025

24:T47b,

Mr GST takes us through 3 basic case studies for applying the margin scheme when developing property, with legislative references.

In this session, we cover:

Margin scheme methodology
- You must know - before jumping to Step 1
- Simplistic practical approach
Step 1: Calculate the ‘consideration in connection’ with the supply you are making
- What is included?
- Settlement day adjustments
- Calculating step by step
Step 2: Deduct a ‘base amount’ to get the ‘margin’
Step 3: GST equals 1/11th of the margin
What happens if you get it wrong
Case studies:
- Property used in carrying on an enterprise prior to 1 July 2000
- Property acquired after 1 July 2000 under the margin scheme from previous vendor
- Property held privately and first used in carrying on an enterprise after 1 July 2000

Download resources below.

Date recorded: 8 April 2025