GST Insights | incorrect GST treatment on off-the-plan transactions

Recently I posted our article GST Insights | Consequences of non-resident on-selling off the plan properties. Only days later, I found myself acting for clients dealing with a vendor who refused to register for GST. The Vendor’s legal structure The vendor’s legal structure looked something like this (I was not invited to review any documentation but after discussing the … More GST Insights | incorrect GST treatment on off-the-plan transactions

GST Insights | Consequences of non-resident on-selling off the plan properties

Background Most readers will be aware of the Australian banking sector’s refusal to lend to non-resident investors using foreign income as a basis for meeting lending criteria. Off-the-plan property is attractive to non-resident investors for a host of reasons, but in particular, they are an asset class for which no FIRB approval is required. Having … More GST Insights | Consequences of non-resident on-selling off the plan properties

Insights | Bitcoins and blockchains (Part 2)

In Part 1 of our Insights | Bitcoins and blockchains series we introduced the concepts of Bitcoin and blockchains; we also discussed some of the commercial reasons why Bitcoin surged in popularity as a digital currency and alternative means of settling transactions. Parts 2 to 4 of our series will explore potential applications of blockchain technology to the banking, corporate … More Insights | Bitcoins and blockchains (Part 2)

Insights | Bitcoins and Blockchain (part 1)

Digital crypto-currencies and blockchain self-executing contracts and instruments are this week’s buzz words.  So how does the law, tax and GST fit into the equation? In Part 1 of our Insights | Bitcoins and Blockchain series, we provide a brief introduction to the Bitcoin and Blockchain technology.  In future installments, we will discuss the application of law, Australian income … More Insights | Bitcoins and Blockchain (part 1)