A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  


The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.

Division 75 - Sale of freehold interests etc.  

75-20   Supplies under a margin scheme do not give rise to creditable acquisitions  

An acquisition of a freehold interest in land, a * stratum unit or a * long-term lease is not a * creditable acquisition if the supply of the interest, unit or lease was a * taxable supply under the * margin scheme .

This section has effect despite section 11-5 (which is about what is a creditable acquisition).

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