Description

Navigate the complexities of GST in the rental property market with our comprehensive session, covering essential calculations and recent changes to ensure you’re always compliant and informed.

Since GST was introduced in 1986 the rules have changed frequently trying to keep up with how the rental property market continues to shift.

Recent changes continue to impact on how rental property owners are to calculate GST and what obligation arises. How the rules apply to rental properties is not always straight forward, with rental properties often providing yet another layer of complexity when determining and calculating GST obligations.

In this session we will work through the calculations that apply on a regular basis. We will cover:

• The value of the supply;
• Secondhand goods claims with associated and non-associated parties;
• Private use adjustments:
• Adjustments when the purchase or sale was zero-rated;
• Change of use adjustments on a temporary basis;
• Permanent change of use adjustments;
• Market value supplies when associated parties are involved;
• Concurrent use of land calculations.

ORIGINAL BROADCAST DATE

5 March 2025

LEARNING OUTCOMES

Upon satisfactory completion of this activity, you will be able to:

• Apply the GST rules to an adjustment for a zero-rated supply;
• Complete change of use calculations in a wide variety of scenarios;
• Calculate the GST input claim available for secondhand good purchases.

SUITED TO 

Accountants at all levels.

PRESENTER

Daniel Gibbons, Partner, Findex/Crowe (presenting on behalf of TEO)

Daniel is a Partner for Findex in Queenstown. Daniel has been with Findex for 17 years, where he advises on a wide range of tax matters, including property transactions and property ownership structures, international taxation issues, the tax treatment of investments and providing structuring advice to clients, including assistance for family group restructures. Daniel is recognised as a leader in the taxation treatment of short stay accommodation, providing training to other practitioners.