- The ATO is developing advice and guidance on GST issues related to the sale of residential property used for rental supplies.
- The Decision impact statement on the case of Domestic Property Developments Pty Ltd v Commissioner of Taxation outlines the ATO’s response to whether the sale of residential property was input taxed and if GST had been passed on.
- The comments period for the Decision impact statement closes on October 27, 2023.
- Contact Philip Borrell at the Office of the Chief Tax Counsel for more information.
- The ATO is also working on a draft Goods and Services Tax Determination regarding supplies of combination food.
- This draft Determination will provide the Commissioner’s view on the meaning of ‘combination’ for GST purposes.
- The expected completion date for the draft Determination is October 2023.
Source: ato.gov.au
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
