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Edited version of your written advice
Authorisation Number: 1012799394644
Ruling
Subject: GST and subdivision of land
In order to protect the privacy and commercial in-confidence of this private binding ruling the following summary is provided.
Question 1
Based on the information provided to the Australian Taxation Office (ATO) whether the disposal of the vacant developed lots of land is a supply made in the course or furtherance of an enterprise under paragraph 9-5)(b) of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act)?
Answer
After considering all the information you gave to us, the disposal of the vacant developed lots of land is not a supply made in the course of an enterprise under paragraph 9-5(b) of the GST Act.
Question 2
Based on the information provided to the ATO, for the disposal of the vacant developed Lots of land is the partnership liable for the goods and services tax (GST)?
Answer
No. after considering all the information you gave to us, the partnership is not liable for GST because the disposal of the vacant developed lots of land is not a taxable supply under section 9-5 of the GST Act.
Question 3
Based on the information provided to the ATO, whether the partnership is required to be registered for GST under section 23-5 the GST Act?
Answer
No. After considering all the information you gave to us, the partnership is not required to be registered for GST under section 23-5 of the GST Act.
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