GST

Greenwoods & Herbert Smith Freehills has one of Australia’s leading GST practices. We provide our clients with sound commercial solutions to the GST issues that arise in transactions they undertake as well as in the course of their broader businesses.

Our team regularly assists clients with Australian Taxation Office interactions, audits and disputes. We have been successfully dealing with GST audits and rulings for clients since the GST regime was first introduced in Australia.

On major transactions, we work seamlessly with our corporate tax and Herbert Smith Freehills colleagues to ensure that GST is appropriately considered when structuring transactions and is addressed when transactions are implemented.

We have developed deep industry specialisation in real estate, financial services and energy and resources through our participation in industry bodies since the inception of the GST and our leading role in on-going lobbying on legislative and administrative changes.

GST Transactions

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GST Publications

02 Jul 2018  |  Riposte  |  Real Estate  |  GST

Happy New (Financial) Year! Welcome to GST Withholding...

The GST Withholding regime commenced on 1 July 2018, so purchasers exchanging from now on will be required to withhold an amount for GST when they acquire most new residential premises and potential residential land. Due to the transitional provisions, GST withholding will not apply where the contract was entered into prior to this date and the first payment (other than any consideration paid as a deposit) is provided before 1 July 2020.

07 Feb 2018  |  Riposte  |  GST

Purchaser GST withholding - the final cut

On 7 February 2018 the Government introduced legislation for the GST withholding measure on sales of new residential premises and potential residential land. Due to successful lobbying, there are quite a few beneficial changes in the bill compared to the Exposure Draft released in November. However the measure is still due to take effect from 1 July 2018… not leaving a lot of time to change systems and contracts.

09 Nov 2017  |  Riposte  |  Real Estate  |  GST

Purchaser withholding on new homes

Draft legislation to combat phoenixing on new homes has been released, putting the onus on purchasers to withhold and pay to the ATO 1/11th of the price of their new home.

19 Jan 2017  |  Riposte  |  GST  |  Real Estate

The meaning of 'GST' in property transactions

The McEwans case held that 'GST' can have different meanings in a contract. As a result of imprecise language, both parties to a sale of land subject to the margin scheme were left worse off.

18 Nov 2016  |  Riposte  |  GST

PCG makes GST barter transactions simpler

The ATO issued a Practical Compliance Guideline on the GST treatment of barter transactions which should eliminate pesky compliance issues for many taxpayers.

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GST team

Andrew Howe

Director

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Tim Neilson

Special Counsel

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Chris Colley

Director

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Nick Heggart

Director, Head of Energy & Resources

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Rebecca Lawrence

Senior Associate

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