Goods and Services Tax Ruling
GSTR 2004/4A2 - Addendum
Goods and services tax: assignment of payment streams including under a securitisation arrangement
Please note that the PDF version is the authorised version of this ruling.View the consolidated version for this notice.
FOI status:may be released
This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Goods and Services Tax Ruling GSTR 2004/4 following the publication of Goods and Services Tax Determinations GSTD 2012/1 and GSTD 2012/2.
Omit the second sentence; substitute:
For example if the owner of a building that is leased sells real property in the form of the freehold in the building, to another person subject to the existing lease (the reversion), the purchaser will be entitled to the rent from the building as its owner.
Omit the paragraph; substitute:
35. Where real property subject to an existing lease is sold, upon the sale of the reversion, a supply continues to be made to the lessee.[22A]
Omit '(ITAA 1997)'.
Omit '(ABN Act)'.
Omit from Step Number 12 'Reg 40'; substitute 'Reg 40-5.09'.
Commissioner of Taxation
22 February 2012
This is further explained in Goods and Services Tax Determinations GSTD 2012/1 Goods and services tax: what are the GST consequences following the sale of residential premises that are subject to a lease? and GSTD 2012/2 Goods and Services tax: what are the GST consequences following the sale of commercial premises that are subject to a lease?