Going concern sales. VERY common in business property sale contracts. Its where the buyer and the seller agree (in the contract) that the sale will not include GST. So there is zip to claim.
I have had many people dumbfounded when they think they can claim 1/11th to learn the sale didn't...
The buyer needs to be registered for GST to claim the GST paid....You may need to seek tax advice BEFORE you settle. This will consider if you should register. Why you might and merits of ownership. A company might mean you pay lots more CGT later.
First issue is what is annual rent ? If its...
