I understand there are a few things have to be in place to be able to reclaim GST, such as a registered business name, ABN
and the rental fees have to have GST component, which relates to the length of stay.
What I'd like to know more about, is whether the reclaimed GST is from the IP sale price GST or the received rental GST
The particular case is an IP for $470,000.
Rental income should be around $20,000 per year.