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22 Jun 11 GST: residential premises and commercial residential premises - draft ruling

On 22 June 2011 the ATO issued a major draft GST Ruling on residential premises and commercial residential premises: GSTR 2011/D2.

The draft Ruling examines the meaning of “residential premises” and “commercial residential premises” for the purposes of Subdivision 40-B (Residential rent), Subdivision 40-C (Residential premises) and Division 87 (Long-term accommodation in commercial residential premises) of the GST Act. It does not consider the issue of when a sale of real property is a sale of new residential premises. This issue is considered in GSTR 2003/3.

The closing date for comments is 5 August 2011.