“PLUS” GST – HOW ONE WORD COSTS $290,000
By Andrew Henshaw, Director, Velocity Legal
In a recent case regarding a sale of land contract, the lack of the word PLUS ended up costing $290,000. The case highlights the importance of completing contracts correctly and getting proper tax advice well before signing material contracts.
Insight Authors…
ANDREW HENSHAW
Director
Andrew specialises in difficult tax disputes and complex tax advice. He is passionate about getting wins for his clients, solving difficult legal issues and giving clear practical advice.
Andrew acts for a diverse range of private businesses, high net-wealth individuals and family groups. Andrew has been a Director of Velocity Legal since the firm was founded in 2016, and established Velocity Legal’s Sydney practice in 2019.