J jackinbox 7th Mar, 2008 #1 Hi If you build a house and intended to live in it but because of time delay and change of events you sell before you move in do you have to pay GST
Hi If you build a house and intended to live in it but because of time delay and change of events you sell before you move in do you have to pay GST
J JoyBoy 8th Mar, 2008 #2 Jackinbox, The sale of new residential premises is generally a taxable supply and you will have to charge GST on the sale. There are a few exceptions however and you should look at http://law.ato.gov.au/atolaw/view.htm?rank=find&criteria=AND~new~basic~exact:::AND~residential~basic~exact:::AND~premises~basic~exact&target=ED&style=java&sdocid=GST/GSTR20033/NAT/ATO/00001&recStart=61&PiT=99991231235958&recnum=69&tot=92&pn=ALL:::ED
Jackinbox, The sale of new residential premises is generally a taxable supply and you will have to charge GST on the sale. There are a few exceptions however and you should look at http://law.ato.gov.au/atolaw/view.htm?rank=find&criteria=AND~new~basic~exact:::AND~residential~basic~exact:::AND~premises~basic~exact&target=ED&style=java&sdocid=GST/GSTR20033/NAT/ATO/00001&recStart=61&PiT=99991231235958&recnum=69&tot=92&pn=ALL:::ED
