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In this unit, you will focus your learning mainly on transactions where there is a varying extent of creditable purpose, particularly involving input taxed supplies. You will start by learning more about the importance of the concept of creditable purpose, which underpins the consequences for the recipient when supplies are made to them.
You will learn in more detail about creditable purpose and adjustment events and financial supplies, GST and real property. This includes becoming familiar with the different types of “real property” including new residential premises, the margin scheme, and the GST consequences of disposing of real property; and cross-border transactions, including the implications for residents and non-residents, imports and exports, and the reverse charge provisions.