Lyndon Garbutt, Principal of West Garbutt presented on the complexity of GST as it applies to property transactions at the 2019 Queensland Property and Construction Intensive held by the Taxation Institute of Australia.

The presentation focused on how to identify and manage various GST risks faced by property developers and the importance of seeking input from GST lawyers prior to entering into transactions to ensure GST implications are properly considered and appropriate GST clauses drafted.

West Garbutt have extensive expertise and experience in representing clients subject to a variety of revenue audits including Top 320 income tax audits, wealthy Australian income tax audits, GST audits, payroll tax audits and land tax audits. In the attached article, Lyndon Garbutt and Michael McLaughlin describe how best to guard against tax audit risk, summarising:
  • why high wealth individuals and private wealth groups have an increased exposure to the risk of income tax audits;OK
  • the potential costs of tax audits; and
  • strategies to help manage the risk associated with audits.