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Edited version of your written advice
Authorisation Number: 1051211673234
Date of advice: 6 April 2017
Ruling
Subject: GST and leasing of land
The Commissioner of Taxation was asked to rule on the following questions:
Question 1
Does Entity A make a taxable supply to Entity B under certain agreements?
Question 2
Is Entity A entitled to input tax credits (ITCs) for acquisitions it makes under a certain agreement?
The Commissioner ruled that:
Answer 1
No, Entity A does not make a taxable supply to Entity B under the agreements.
Answer 2
No, Entity A is not entitled to ITCs for acquisitions it makes under the agreement.
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