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  • Purchasing property using the margin scheme

    When buying property where the margin scheme was used, you can't claim a GST credit for the GST included in the purchase price – even if it was for business purposes.

    If you were charged the full rate of GST when you originally purchased a property, the margin scheme can't be used when you sell it. This is because you would have claimed the GST back as part of your business.

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      Last modified: 05 May 2021QC 18646