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Edited version of your written advice
Authorisation Number: 1051383203408
Date of advice: 26 June 2018
Ruling
Question
Is the supply of a lease over real property a supply of a going concern, pursuant to A New Tax System (Goods and Services Tax) Act 1999 - Subdivision 38-J?
Answer
No.
This ruling applies for the following period:
Tax Period ending 30 April 201X
Relevant facts and circumstances
Relevant legislative provisions
A New Tax System (Goods and Services Tax) Act 1999 Subdivision 38-J
Reasons for decision
In summary, based upon the facts as at this point in time, we are of the view that the purchaser’s acquisition will not be an acquisition of a GST-free going concern, pursuant to Subdivision 38-J of the GST Act.
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