| Disclaimer This edited version has been archived due to the length of time since original publication. It should not be regarded as indicative of the ATO's current views. The law may have changed since original publication, and views in the edited version may also be affected by subsequent precedents and new approaches to the application of the law. You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of your written advice
Authorisation Number: 1051291441727
Date of advice: 6 October 2017
Ruling
Subject: GST and property
Question 1
Was the sale of the property situated at a specified location by ABC Pty Ltd as bare trustee and nominee for the identified partnership to XYZ Pty Ltd as trustee for Trust A a taxable supply under section 9-5 of the A New Tax System (Goods and Services Tax Act) 1999?
Answer
No.
Question 2
Did XYZ Pty Ltd as trustee for Trust A make a creditable acquisition in respect of the purchase of the property?
Answer
No.