- The New Zealand Inland Revenue clarified that a newly constructed building used for residential accommodations qualifies as a commercial dwelling, meaning the supply of accommodations is not an exempt supply under the GST Act. The taxpayer is entitled to input tax deductions for the building’s construction and operation.
Source: news.bloombergtax.com
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.
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