Understanding the GST implications of residential property transactions is critical, as incorrect assumptions or disclosures can expose clients and practitioners to significant risk. A clear understanding of when a residential property sale may be subject to GST, and how those issues should be reflected in transaction documentation, is essential to avoiding costly errors and disputes.

This practical webinar will examine the circumstances in which the sale of residential property may attract GST and the implications for parties entering into a transaction. The presenters will explore the GST provisions of the TLANZ/REINZ Agreement for Sale and Purchase of Real Estate, focusing on the operation of the GST clauses and warranties, common areas of misunderstanding, and the consequences that can arise where incorrect GST information is provided.

Using practical examples and common scenarios encountered in practice, the session will provide guidance on identifying GST risk factors, navigating GST-related disclosure requirements, and advising clients with confidence throughout the conveyancing process.

Learning Outcomes

Learning Outcomes

By attending this webinar, participants will be able to:

• Understand the purpose and operation of the GST clauses and warranties contained in the TLANZ/REINZ Agreement for Sale and Purchase of Real Estate.
• Recognise common GST issues and risk areas that arise in residential conveyancing transactions.
• Apply practical strategies for advising clients on GST-related matters and managing GST risks in residential property transactions.

Who Should Attend? 

Property lawyers, conveyancing practitioners, general practitioners, and legal professionals involved in residential property transactions who wish to strengthen their understanding of GST issues in practice.

Presenter

Riaan Geldenhuys | Barrister at Riaan Geldenhuys