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On 6 March 2007, the ATO issued Taxpayer Alert TA 2007/1 entitled "Lease by a charitable institution to an associated endorsed charitable institution designed to gain input tax credits".

This Taxpayer Alert describes arrangements designed to gain entitlement to input tax credits by treating otherwise input taxed supplies of residential accommodation as GST-free. These arrangements involve charitable institutions leasing land and buildings to associated endorsed charitable institutions in an attempt to increase the cost of making supplies of accommodation to residents and thereby satisfying a concessional GST provision. The ATO is currently examining these arrangements.

For a copy of TA 2007/1, go here

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