GST and property

If you sell your holiday apartment or unit

If you sell your apartments, they are:

• residential premises
• input taxed, regardless of whether they are located within commercial residential premises.

This means you:

• are not liable for GST on the income
• cannot claim GST credits for anything you purchase or import to make the sale.

For more information, refer to: GSTB 2001/2 Accommodation in caravan parks and camping grounds GSTB 2001/3 Simplified calculation of input tax credits for caravan park operators.

Sections within Commercial residential premises

• If you lease commercial accommodation
• If you lease your holiday apartment or unit
• If you sell your holiday apartment or unit