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  1. Scott No Mates

    GST on commercial property

    No. Why would you leave $100k in the ato's hands? You submit your BAS (monthly/quarterly/annually) and get it back or you buy as a going concern providing that you are gst registered. if not you LOSE IT. The tenant might kick $8k per year in gst which would mean that it could take 12 years...
  2. Scott No Mates

    GST on commercial property

    if you're not registered then you'll pay $1100000 if you're registered then you pay $1,000,000 +$100,000 gst the tenants will pay gst on the renr if the lease provides, they won't pay the $100k, that's yours.
  3. Scott No Mates

    GST on commercial property

    Yes, provided the lessor (is different entity to the tenant & registered for GST), the lessor will provide a tax invoice with GST. The tenant will pay the invoice & gst but claim it back in their BAS as gst paid. If you are purchasing vacant, you will need to pay the gst but claim it back in...
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