A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  


The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.

Division 75 - Sale of freehold interests etc.  

75-16   Margins for supplies of real property acquired through several acquisitions  


(a) you make a * taxable supply of * real property under the * margin scheme ; and

(b) the interest, unit or lease in question is one that you acquired through 2 or more acquisitions ( partial acquisitions ); and

(c) one of the following provisions (a margin provision ) applies in relation to such a partial acquisition, or would so apply if the partial acquisition had been an acquisition of the whole of the interest, unit or lease:

(i) section 75-10 ;

(ii) subsection 75-11(1) , (2) , (2A) , (2B) , (3) , (4) , (5) , (6) or (7) ;

the margin provision applies, in working out the margin for the supply you make, only to the extent that the supply is connected to the partial acquisition.

The application of a margin provision in relation to one of the partial acquisitions does not prevent that margin provision or a different margin provision applying in relation to another of the partial acquisitions.


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