Publications

In response to the impact of Covid-19 on the Queensland economy, the Queensland government has announced a range of land tax relief measures.  Lawyers Lyndon Garbutt and Mark West have prepared an overview of the measures for Queensland landowners, including how the different measures can be accessed and considerations to be taken into account in determining eligibility.

To access this document, please click here : Queensland land tax – Covid-19 Relief

West Garbutt Principal Lyndon Garbutt recently presented at the 11th Legalwise Brisbane Property Lawyers conference, providing practical tips to property lawyers  on GST and Queensland land tax.

For people wanting to access a copy of the slides please click on the link below.  Should more detailed advice be required, or you would like assistance with identifying the GST and land tax implications of your property transaction, then please contact one of our specialist GST lawyers.

To access this document, please click here : Legalwise Property Lawyers – GST and Land Tax

The ATO will be notifying all tax agents in early December 2019 regarding which of their clients will be coming under review by the expansion of its Tax Avoidance Task Force.

Affected taxpayers include any private wealth groups that control more than $5 million in wealth or have more than $10 million in turnover.  Essentially, the ATO has:

  • expanded its Top 320 program to be a Top 500 program, focusing on the 500 largest private wealth groups in Australia
  • introduced a new high wealth private groups program focused on private groups with more than $50 million in wealth
  • introduced a new medium and emerging private groups program focused on private groups with more than $5 million in wealth.

The attached article prepared by Mark West, Lyndon Garbutt, Michael McLaughlin and Alex Whitney provides guidance on what steps tax agents and affected private wealth groups should be taking if they receive notification letters.

To access this document, please click here : Increased ATO focus on Private Wealth Groups

West Garbutt Principal Lyndon Garbutt recently co-presented with Steven Fogarty of the ATO at the Queensland Law Society Property Law Conference in Brisbane on the topic of getting GST right for property transactions.

GST as it applies to property transactions is complex and can have unexpected consequences. The co-presenters provided an insight into:

  • how to manage GST risk
  • how to avoid common traps associated with documenting GST clauses
  • common issues encountered in claiming the going concern exemption and margin scheme concession
  • obligations on purchasers relating to GST withholdings.

For people wanting to access a copy of the slides please click on the link below.  Should more detailed advice be required, or you would like assistance with identifying the GST implications of your property transaction, how to access concessions and exemptions or drafting an appropriate GST clause, then please contact one of our specialist GST lawyers.

To access this document, please click here: Getting GST right for property transactions