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GSTR 2009/2ECcurrentchange

Compendium

Summary of issues raised and responses

Is the sale of the townhouse an input taxed supply, being the second sale of residential premises? 2. Can the margin scheme be applied to the sale by CrystalCo? 3. What is the margin for the supply? Is it the sale price ($210,000) minus the sum of the purchase price of ClearCo's interest ($104,000) and the value of CrystalCo's interest in the townhouse as at 1 July 2000 of CrystalCo's ($30,000)?

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