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19 May 11 GST treatment of new residential premises - administrative treatment

In media release No 020/2011 issued on 27 January 2011, the Assistant Treasurer, Bill Shorten, announced that the Government intends to amend the GST law to clarify how GST applies to residential property. The changes are retrospective but have yet to be enacted.

The ATO has published a document setting out the administrative treatment it will apply in relation to the changes.

 


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