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  1. S

    GST on renting out of a residential property

    Interesting Rob - what would be the problem if I was? In any event, it is a pre 1985 purchase.
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    GST on renting out of a residential property

    Paul & Dan - Yes & Yes - Thanks
  3. S

    GST on renting out of a residential property

    Thanks again Paul for your valuable input - I could easily blunder walking through this minefield - and I'd be unlikely to get a second chance with the ATO.
  4. S

    GST on renting out of a residential property

    Based on the comments so far the crux of it seems to be that it is a commercial rental, but because in this case the rent would be below $75k then GST would not be charged on the rental. However, I read elsewhere that seemed to imply that the $75k test in this case would apply to my personal...
  5. S

    GST on renting out of a residential property

    Well the 'not quite' is important, because the rent would be less than $75k. So GST would not be applicable to the transaction. It's all a bit much for an old lay person! Thanks again.
  6. S

    GST on renting out of a residential property

    Thanks Paul, that's a good explanation. The place hasn't been leased yet, it's all still early stages. If I've understood it all it appears that I would need to: 1. Get and ABN 2. Add GST to the rent 3. Remit the GST collected to the ATO (I would be providing the 'service', GST would...
  7. S

    GST on renting out of a residential property

    Hi Paul, thanks. The distinction between residential and commercial property in this instance isn't clear to me. The business that might rent the house for their offices I believe is a limited liability company. I presume that they would be claiming the rent as a business expense. Would this...
  8. S

    GST on renting out of a residential property

    I own the house as an individual taxpayer, and the rent would be less than $75,000 pa. The zoning does allow commercial activity.
  9. S

    GST on renting out of a residential property

    I am intending to rent out a residential house to a business that will use it for their business offices. They will not use the place for anyone to live there. Do I need to charge GST on the rent and, if so, do I need to register for GST?
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