• Sale of residential premises

    Supporting document requirements for private rulings

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    This page lists the documents and information we usually need to process private rulings about the subject displayed.

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    Please send the following documents and information with your private ruling application form.

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    Sale of residential premises

    • Provide details of the owner of the residential premises and whether they are registered for goods and services tax (GST).
    • Provide the zoning of the premises and how the premises have been used since they were purchased or built - including use for private, rental or business purposes.
    • Have the premises been sold previously? If not, how old are the premises?
    • Are the premises leased long-term?
    • If the premises have been designed and built as residential premises
      • Were the premises built, or do they contain a building that has been built, in place of demolished premises that were on the same land?
      • Have you renovated, repaired or modified the premises, and if so has this been substantial?
       
    • Provide documentation relating to the transaction, including contracts, leases or trust deeds.
    • Do you intend to apply the margin scheme when you dispose of the property?
    • Are the premises part of a resort, serviced apartments or hotel type setting?
      Last modified: 10 Jul 2012QC 19053