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Consultation purpose |
To seek feedback on draft examples for Goods and Services Tax Ruling GSTR 2012/6 Goods and services tax: commercial residential premises, to ensure they are clear, fit for purpose, effectively illustrate the GST treatment of relevant arrangements, and reflect current commercial and industry practice. |
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Description |
We are updating GSTR 2012/6 to provide further clarity on how the existing law applies to modern build-to-rent developments and assist taxpayers to determine whether their premises are residential premises or commercial residential premises. Feedback to the draft update from industry and professional associations requested additional examples to demonstrate how the law applies to current operating models. Industry feedback will assist in ensuring that the examples are practical, address industry needs, and identify any technical gaps or unintended impacts prior to finalisation. Consultation will support the development of effective public guidance, providing greater certainty for taxpayers on the practical application of the existing law and ATO view in the context of build-to-rent developments. |
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Who we consulted |
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Outcome of consultation |
Feedback is being considered as part of finalising the example. |
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Consultation lead |
Clint Austin, International Support and Programs |