The Resource Changes to the Australian GST immovable property "margin scheme"

Changes to the Australian GST immovable property "margin scheme"

Label
Changes to the Australian GST immovable property "margin scheme"
Title
Changes to the Australian GST immovable property "margin scheme"
Creator
Subject
Language
eng
Summary
One of the unique features of Australia's GST is the margin scheme applicable to supplies of immovable property, which has important implications for property transactions and GST revenue, particularly since these transactions generally involve large investments. The margin scheme did not only serve as a special transitional rule for supplies of premises that were under construction at the time of the introduction of GST, but also provides for a structural reduction of the GST burden on wholly post-introduction transactions. The latter rules were subject to significant unanticipated abuse. In this article, the author explains the basic rules for the margin scheme and the problems that have arisen in practice. She also discusses how the rules were amended to address these problems and whether or not the changes will work
Citation source
In: International VAT monitor. - Amsterdam. - Vol. 17 (2006),
http://library.link/vocab/creatorName
Peacock, C
Language note
English
http://library.link/vocab/subjectName
  • immovable property
  • GST
Label
Changes to the Australian GST immovable property "margin scheme"
Instantiates
Publication
Label
Changes to the Australian GST immovable property "margin scheme"
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
Processing Feedback ...