GST Query

[mrsdawnrazor]

I have an ABN for as a sole trader for lecturing fees. I also used this abn when claiming back GST on an agricultural investment. My query is can I use this same abn and GST registration to claim back the GST on all fees I pay in relation to my investment properties. Not sure where I stand as I was OK with the other investment
Cheers

 

[Ausprop]

are you an active developer/trader or a passive investor? This is pretty much the key difference. If it is the later then your sales are input taxed and hence you cannot claim input tax credits. If it is the former you can claim GST, will have to pay GST and potentially take benefit from the margin scheme provisions