“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.

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ANDREW HENSHAW

Managing Director

Andrew acts for a diverse range of private businesses, high net-wealth individuals and family groups. He specialises in business structuring, tax disputes and complex tax issues. He is passionate about leading by example, getting wins for his clients, solving difficult legal issues and … snowboarding!

 
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