Understanding Property Related Goods and Services Tax – CPD Courses
CPD Courses Synopsis: This core CPD course provides a more in-depth knowledge of the subject of property-related Goods & Services Tax (GST).
Goods and services tax is a consumption tax that affects all strata of the society. Specifically, the real estate sector is also affected by the GST application. Although, a residential property transaction is categorised as being GST exempt, there are other implications and application of GST in terms of rental components and commission of a salesperson. The importance of GST and its application in real estate makes it an important topic that has implication in recent real estate practices.
Credit Hours: 2 core CPD hours for the mandatory CPD courses scheme
CPD Course Fees:
Price for C&H agency – $35 plus GST
Price for other agency – $45 plus GST
CPD Course Objectives:
After attending the workshop, participants who intend to focus on residential property market will be able to:
- Explain the requirements for GST taxable person;
- Describe the difference between GST sole proprietors and GST companies;
- Identify property-related GST taxable supplies;
- Explain why agent’s commission attracts GST;
- Explain which portion of furnished tenancy and related services attract GST,
to their customers and new salespersons (where applicable).
Participants who intend to target non-residential property segments will be able to:
- Explain when sale & purchase of non-residential properties is subject to GST;
- Explain why GST sole proprietor selling a business asset, e.g. non-residential property, must charge and collect GST;
- Explain when non-residential leases will attract GST;
- Identify GST expenses that are claimable by landlord and tenant
- Explain the relationship between output and input tax;
- Describe the accounting for GST during various stages of property purchase;
- Explain when ‘rent free period’, ‘forfeiting of security deposit’ may be subject to GST;
- Explain when ‘early termination of lease’, ‘liquidated damages’, ‘consideration for
- surrendering of rights in a lease’ may be subject to GST;
Demonstrate the calculation of GST payable; - Describe the accounting for GST in sub-sale transactions,
to their customers and new salespersons (where applicable).
Target Audience: Salespersons and KEOs
Core Category Classification: C2 Laws, Government Policies and Regulations related to estate agency work
Level of Course: Level 1
Serial Number: C2L1S0195
Speaker’s Profile:
Mr. Sam Gian
MA in International Relations (University of Nottingham, UK)
BA (National University of Singapore)
Advance Certificate in Training & Assessment (ACTA) certified trainer.
Industry related qualification: CEHA
Mr. Sam Gian has more than 10 years of training experience in the real estate sector. His training experience extends to course content development as well as on-site training and lectures in collaboration with various real estate organizations, such as CEHA, CES, CEA & REA.
Besides, lecturing on real estate subject, the trainer has also authored numerous books in the same field.
How to Register:
To register for CPD courses, please select which agency you belong to and then click Add to Cart.
*Please do not register for this course if you have attended it at Hastor for this cycle.*
CPD Course: Understanding Property Related Goods & Services Tax
- 2 core CPD hours for the mandatory CPD courses scheme
- Day Class: 08 Nov 2016 (2pm-5pm)
- Price for C&H agency: $35.00 plus GST
- Price for other agency: $45.00 plus GST
To register for the class on 08 Nov 2016 (2pm-5pm), please select your agency before you click on “Add to Cart”:
[wp_cart: Understanding Property Related Goods and Services Tax – 08/11/16(2-5pm) :price:[Which agency do you belong to?|Other agency, 48.15|C&H agency,37.45]:end]
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Last Updated: 18 Oct 2016