Published on 10 Aug 00
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper explains how GST will affect the assessment of stamp duty on certain conveyance and lease instruments. More specifically, GST will not be charged upon the assessment of stamp duty on instruments as the payment of duty is not consideration for the purpose of GST. However, in calculating the stamp duty payable on an instrument, duty will be raised on the GST inclusive price, value or consideration. It also looks at inclusions, i.e. the amount to be declared in respect of a rental business is the total of all rental or hire charges received as consideration for the granting of rights to use goods together with any amount received on account of GST and stamp duty.
Tony is Manager - Review at the WA Office of State Revenue. Current at 09 December 2003
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