1 Will your supply of a property in Australia (the property) be a taxable supply under section 9-5 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act)?
No. Question 2 Are you required to be registered for GST under section 23-5 of the GST Act? Answer No. This ruling applies for the following period : DD MM 20YY to DD MM 20YY.
You purchased the property when it was part of a much larger property. You are not currently registered for GST. Nor have you ever been registered for GST. You intend to sell the property.
Section 9-5 of the A New Tax System (Goods and Services Tax) Act 1999 Section 9-20 of the A New Tax System (Goods and Services Tax) Act 1999 Division 23 of the A New Tax System (Goods and Services Tax) Act 1999 Division 188 of the A New Tax System (Goods and Services Tax) Act 1999 Section 195-1 of the A New Tax System (Goods and Services Tax) Act 1999 Detailed reasoning Section 9-5 of the GST Act provides that you make a taxable supply if: • you make the supply for *consideration • the supply is made in the course or furtherance of an *enterprise that you *carry on • the supply is *connected with the indirect tax zone (essentially Australia), and • you are *registered or *required to be registered for GST. Howe