Goods and Services Tax Advice
GSTA TPP 088W
Goods and services tax: If a partner pays for an acquisition as an expense out of the revenue of the partnership, is this an indicator that the partner is acting in his or her capacity as partner?
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Notice of Withdrawal
3. GSTA TPP 088 is withdrawn as paragraph 30 of Goods and Services Tax Ruling GSTR 2003/13 Goods and Services Tax: general law partnerships sets out factors that may indicate that an acquisition is made by a partner in their capacity as partner of a partnership. One of these factors is that the acquisition is paid for out of partnership profits or from a partnership account.
Commissioner of Taxation
9 July 2014
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Not previously issued as a draft
TAA 1953 Sch 1 Div 358