I am looking at purchasing a boarding house which is being sold subject to existing tenancies as a going concern.
I wish to obtain vacant possession- is it possible to do so but still be considered a sale of a going concern by the ATO. All the existing tenants are in expired leases and the place is in need of refurbishment to optimise rent.
Has anyone ever obtained vacant possession on a boarding house and avoided GST on sale?
I wish to obtain vacant possession- is it possible to do so but still be considered a sale of a going concern by the ATO. All the existing tenants are in expired leases and the place is in need of refurbishment to optimise rent.
Has anyone ever obtained vacant possession on a boarding house and avoided GST on sale?