TDS 22/21: Whether subdivision was a profit-making undertaking or scheme and a taxable activity

The main issues considered in this dispute were:
▪ whether the Taxpayer entered into an undertaking or scheme at the Property for
the dominant purpose of making a profit for s CB 3 to apply to the sale of House
B;
▪ whether the Taxpayer acquired the Property for a purpose or with an intention of
disposing of it for s CB 6 to apply to the sale of House B;
▪ whether the residential land exclusion in s CB 17(2) prevented s CB 12 from
applying to the sale of House B; and
▪ whether the supply of House B was subject to GST.

Source: govt.nz

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