Nov 05 2009
Proposed changes to the GST rules on land sales
Proposed changes to the GST rules on sales of land and other high-value assets, to prevent revenue loss, are the focus of a government discussion document released today for public comment.
Other proposed changes include making it easier to account for the taxable and non-taxable use of assets on which GST is paid, and clarifying the boundary between residential and commercial accommodation for GST purposes.
Read the full media statement HERE.
