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Simle tax system ???#%! I understand from talking to the ATO that I can register for GST. No GST payable on purchase if it is "a supply of going concern". I could then cancel my GST registration and not require GST on rent. (rent is less than $50,000pa) Stirling

I am looking at a commercial property, having previously never dealt with commercial before. What is the story on GST on purchase price and on rent payments? The property is owned by the bank from a repossession, the tenant is lined up but not signed up. (The search facility on this forum...