Tag Archive: goods and services tax

It’s a trap! Watch out for GST on property transactions: Terry Hayes

Posted on September 22, 2013 by | 0 Comments
The sale of a property has GST implications and, potentially, income tax consequences. The GST implications can catch out those who are not fully conversant with how the GST laws apply. A recent AAT decision held that, for the purposes of the GST law, all of the consideration in relation to the sale of a property was received by the taxpayer at the time of settlement on May 16, 2008, despite not all the consideration...

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