Understanding “Secondhand” for GST Input Tax Deduction: Key Requirements and Definitions

• The fact sheet explains the meaning of “secondhand” for GST purposes.
• It supports IS 25/22, which covers input tax deductions on secondhand goods.
• To claim the deduction, the goods supplied must qualify as secondhand.
• The fact sheet outlines the requirements for goods to be considered secondhand.

Source: taxtechnical.ird.govt.nz

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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