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.
Miscellaneous
2000
GST and stamp duty: practical stamp duty for accountants
Source: Western Australia
Published Date: 10 Aug 2000
Individual Session
Practical Stamp Duty for Accountants
Author(s):
Tony Downe
Materials from this
session:
Details
- Published By: Tony Downe
- Published On:10 Aug 2000
- Event Name:Practical Stamp Duty for Accountants
- Session Name:GST and stamp duty: practical stamp duty for accountants
- Read Time:30+ minutes
- Took place at:City West Function Centre
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Tags
Miscellaneous
2000
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