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Notes Online Home 2017 Tax Schools Day 2 Crucial GST developments for the 2017 year
Recent decision confirms GST minefield with the sale of residential properties
In this segment of the notes we discuss the recent decision confirming GST minefield with the sale of residential properties:
- New residential premises and the ‘5-year’ rule
- GST implications where the margin scheme is applied
- Massive GST bill for a taxpayer selling residential premises that were rented
- Lessons learned from the decision in FKYL