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Reply: 1.1.1.1 From: Sim' Hampel The comments made by the agent are correct, but are not a complete description of the situation. In order to offset the immediate impact of GST applying to some types of commercial property sales from July 1st 2000, the Tax Office out of the goodness of their...

Reply: 1.1 From: Sim' Hampel Hangon... there are situations with commercial property where GST does not apply to the purchase price (for example when you puchase a fully tenanted property as a "going concern"). The property in question in the original post could have been sold as a leased...