Buying or selling: beware the sting of the GST

Charlie and Chloe are old clients – and now they’re back. Some years ago they bought their dream home with a large block of land they couldn’t afford to live in and had to rent it out until they could. Eventually they did move in but later decided to...

Tax stings and GST tales of woe

This article was published in this month’s edition of the Law Society Journal of NSW. Three lawyers walk into a bar. Allan, Barry and Charlie. It’s Friday, they’re good mates, they’ve all had a bad week, and they want to share the pain.Allan goes...

Super fund property sale anguish

This article was published in this month’s edition of the Law Society Journal of NSW. Your clients Betty and Bruce recently called to say that their self managed superannuation fund was selling a residential property and to request that you prepare a...

GST free supply of farmland

Your brother Harry and his wife Zoe contact you about arranging a contract for the sale of a 15 acre block. The block is part of their larger rural property on which they conduct a farming business. It is on a separate title and close to town. A good friend...

GST stings

This article was published in this month’s edition of the Law Society Journal of NSW. In the course of your busy conveyancing practice you come across many different situations. You are only too well aware of the importance of taking GST into account....