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You could get caught out by GST when buying a property – even if you are not GST registered
I am frequently asked by clients to assist with the GST implications of a proposed property purchase.
Expanding overseas? Make sure you understand the tax implications.
With the world becoming a much smaller place, it is easy for businesses to find themselves trading overseas without too much consideration.
Myths of IP – Part 3 – No Patents for Software
Some people dismiss the idea of getting patent protection for an app or computer programme because they believe there is a blanket prohibition on patents for software.
GST on Property Transactions – Compulsory Complexity
GST is easy – it’s 15%, 0%, or wrong. GST is the most common thing that goes wrong in property transactions, due to a widespread lack of understanding by registered parties and professional advisers.
Providing an incorrect warranty regarding GST registration proves costly
In a recent case, the High Court awarded summary judgement on appeal against a vendor for a breach of warranty in relation to the GST on the sale of land.
Confusion still reigns over Capital Gains
With no comprehensive capital gains tax to be implemented and letters from armchair experts filling the local papers, it is timely to familiarise ourselves with the current laws in relation to capital gains on the sale of land.