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GST and property

Published on 10 Aug 99 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

The purpose of this paper is to discuss the variety of GST treatments surrounding property transactions. The impact of the GST on a particular property transaction is affected by a number of factors, including : whether the purchaser and vendor are or are required to be registered; whether the transaction is of a residential or commercial nature; whether the property is a freehold interest or is part of a going concern; whether the margin scheme is employed; and whether the transitional rules apply to part or all of the transaction. The paper gives a brief discussion of the basic GST concepts, then examines the effects of these and other relevant factors on the taxable nature of various property related transactions.

Author profiles:

Simon CLARK
Current at 03 August 2011 Click here to expand/collapse more articles by Simon CLARK.
 
Tiffany SPOONER
Current at 19 November 2004 Click here to expand/collapse more articles by Tiffany SPOONER.

 

This was presented at Goods & Services Tax: Session 4 .

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Individual sessions

GST and Property

Author(s):  Simon CLARK,  Tiffany SPOONER

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GST and special issues

Author(s):  Damian WALSH

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