14.0 All Real Estate Agent issues - Table of Contents.
All Real Estate Agent issues - Table of Contents which include all of the above links.
14.1 Collation of information for Business Activity Statements (‘BAS’)
Collation of information for Business Activity Statements (‘BAS’)
14.11 Tax Exempt Property Owners - Real Estate Agent issues.
Is the GST treatment of a supply of property management services by an agent any different if the recipient of those services is an income tax exempt organisation (eg. a church)?
Are some commercial lessees GST exempt?
14.11.1 Is the GST treatment of a supply of property management services by an agent any different if the recipient of
Is the GST treatment of a supply of property management services by an agent any different if the recipient of those services is an income tax exempt organisation (eg. a church)?
14.11.2 Are some commercial lessees GST exempt?
Are some commercial lessees GST exempt?
14.13 Rent Roll - Real Estate Agent issues
Is the sale of an agent’s rent roll subject to GST?
What is the GST treatment of the transfer of a Real Estate Agent's Rent Roll?
14.13.1 Is the sale of an agent’s rent roll subject to GST?
Is the sale of an agent’s rent roll subject to GST?
14.14 General Real Estate Agent Issues.
What information should a managing agent give to tradespeople and contractors regarding the GST?
Are commercial premises under residential leases and residential premises under commercial leases subject to GST?
When do the old taxes such as FID and BADT cease to operate?
What will agents have to supply to the ATO if a tenant or owner is being investigated?
In the process of selling farming properties, plant and equipment is usually sold by way of a clearing sale. Assuming the vendor is registered for GST are the sales taxable supplies and therefore subject to GST?
What is the effect of a GST clause in a MAA?
How will the GST affect the sale of properties in regard to the agent? Can the GST be handled outside of the trust account?
Is a GST registered entity entitled to an input tax credit for the purchase of a new holiday apartment (for which the vendor was liable for GST)?
14.14.1 What information should a managing agent give to tradespeople and contractors regarding the GST?
What information should a managing agent give to tradespeople and contractors regarding the GST?
14.14.2 Are commercial premises under residential leases and residential premises under commercial leases subject to GST?
Are commercial premises under residential leases and residential premises under commercial leases subject to GST?
14.14.3 When do the old taxes such as FID and BADT cease to operate?
When do the old taxes such as FID and BADT cease to operate?
14.14.4 What will agents have to supply to the ATO if a tenant or owner is being investigated?
What will agents have to supply to the ATO if a tenant or owner is being investigated?
14.14.5 In the process of selling farming properties, plant and equipment is usually sold by way of a clearing sale.
In the process of selling farming properties, plant and equipment is usually sold by way of a clearing sale. Assuming the vendor is registered for GST are the sales taxable supplies and therefore subject to GST?
14.14.6 What is the effect of a GST clause in a MAA?
What is the effect of a GST clause in a MAA?
14.14.7 How will the GST affect the sale of properties in regard to the agent? Can the GST be handled outside of the trust
How will the GST affect the sale of properties in regard to the agent? Can the GST be handled outside of the trust account?
14.14.8 Is a GST registered entity entitled to an input tax credit for the purchase of a new holiday apartment
Is a GST registered entity entitled to an input tax credit for the purchase of a new holiday apartment (for which the vendor was liable for GST)?
14.2 Agency Relationship and the GST
Agency Relationship and the GST.
14.3 Tax Invoices - Real Estate Agent issues.
Will the standard end of month statement, owner statement or tenant statement with the addition of an ABN suffice as a tax invoice
Are separate tax invoices required for a lease of commercial premises?
Should tax invoices issued by the agent on behalf of the property owner, be in the agent's name or the owner's name?
Are all lessees required to be supplied with receipts or tax invoices?
How much information about a supply should be noted on an owner's statement, tenant's statement, tenant's receipt etc?
Whose ABN must be shown on the tax invoice?
Will a remittance showing the GST that has been paid to a creditor.
14.3.1 Will alll statements with an ABN suffice as a tax invoice?
Will the standard end of month statement, owner statement or tenant statement with the addition of an ABN suffice as a tax invoice or does a tax invoice need to be issued separately?
14.3.2 Are separate tax invoices required for a lease of commercial premises?
Are separate tax invoices required for a lease of commercial premises?
14.3.3 Should tax invoices issued by the agent on behalf of the property owner, be in the agent's name or the owner's name?
Should tax invoices issued by the agent on behalf of the property owner, be in the agent's name or the owner's name?
14.3.5 How much information about a supply should be noted on an owner's statement, tenant's statement, tenant's receipt etc?
How much information about a supply should be noted on an owner's statement, tenant's statement, tenant's receipt etc?
14.3.6 Whose ABN must be shown on the tax invoice?
Whose ABN must be shown on the tax invoice?
14.3.7 Will a remittance showing the GST that has been paid to a creditor.
Will a remittance showing the GST that has been paid to a creditor.
14.4 GST Administration - Real Estate Agent issues.
All information in relation to GST administration including:
When is an entity required to remit GST.
Where should an agent retain the GST collected.
What happens where the supplier incorrectly charges GST.
What are the GST obligations for a real estate agent.
Will GST be payable on property maintenance.
When can a real estate agent account for GST on a cash basis?
Does the ATO think there are benefits if all computer programs handle the GST in a standard way?
14.4.1 When is an entity required to remit GST.
When is an entity required to remit GST.
14.4.2 Where should an agent retain the GST collected.
Where should an agent retain the GST collected.
14.4.3 What happens where the supplier incorrectly charges GST.
What happens where the supplier incorrectly charges GST.
14.4.4 What are the GST obligations for a real estate agent.
What are the GST obligations for a real estate agent.
14.4.5 Will GST be payable on property maintenance.
Will GST be payable on property maintenance.
14.4.6 When can a real estate agent account for GST on a cash basis?
When can a real estate agent account for GST on a cash basis?
14.4.7 Does the ATO think there are benefits if all computer programs handle the GST in a standard way?
Does the ATO think there are benefits if all computer programs handle the GST in a standard way?
14.5 Expenses incurred on behalf of a property owner - Real Estate Agents issues.
Expenses information including:
If an agent incurs charges on behalf of the owner, who is entitled to the input tax credits and what happens if the agent includes a mark up on these costs?
Will the charges to the owner's trust account be subject to GST?
Does the consideration for a commercial property lease include payments made by the lessee for the lessor?
14.5.1 If an agent incurs charges on behalf of the owner, who is entitled to the input tax credits and what happens if the
If an agent incurs charges on behalf of the owner, who is entitled to the input tax credits and what happens if the
agent includes a mark up on these costs?
14.5.2 Will the charges to the owner's trust account be subject to GST?
Will the charges to the owner's trust account be subject to GST?
14.5.3 Does the consideration for a commercial property lease include payments made by the lessee for the lessor?
Does the consideration for a commercial property lease include payments made by the lessee for the lessor?
14.6 Commissions - Real Estate Agent issues.
Is an agent's commission for the sale of a property subject to GST if the sale contract was entered into before 1 July 2000, but settlement occurs on or after that date?
14.6.1 Is an agent's commission for the sale of a property subject to GST if the sale contract was entered into before 1
Is an agent's commission for the sale of a property subject to GST if the sale contract was entered into before 1 July 2000, but settlement occurs on or after that date?
14.7 Fees - Real Estate Agent issues.
What fees charged by an agent are subject to GST?
GST treatment of fees charged by real estate agents for preparation of residential tenancy agreements.
14.7.1 What fees charged by an agent are subject to GST?
What fees charged by an agent are subject to GST?
14.7.2 GST treatment of fees charged by real estate agents for preparation of residential tenancy agreements
GST treatment of fees charged by real estate agents for preparation of residential tenancy agreements
15.0 Building and construction essentials
Information for companies, contractors and sub-contractors in the building and construction industry and commercial trade service sectors.
