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  1. Paul@PFI

    GST on renting out of a residential property

    I hope it demonstrates the benefit of a adviser who you can call on when these issues arise. DIY mistakes avoided.
  2. Paul@PFI

    GST on renting out of a residential property

    Incorrect. Just the income from taxable supplies made in the course on an enterprise are considered. ie the rent. eg So don't sell the tenant some plant & equipment as that might add to the turnover test. And if they damage something make them pay rather than invoicing them for the cost.
  3. Paul@PFI

    GST on renting out of a residential property

    Ignore who rents it. Company has zip to do with the issue. Its how it is used that determines if GST applies. If its business USE then GST MAY apply if you are either registered voluntarily or required by law. The turnover test is $75K. . If its not used as residential housing accommodation its...
  4. Paul@PFI

    GST on renting out of a residential property

    Residential rent is NEVER subject to GST (there are some unusual special exceptions where the rents are commercial in nature but lets ignore that as it applies to places like caravan parks, relocatable villages etc). Residential rents are input taxed. This means you don't charge GST and...
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