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Edited version of your written advice
Authorisation Number: 1051462376844
Date of advice: 6 December 2018
Ruling
Subject: GST and mutual income for Owners Corporations
Question
Is the receipt of rental income from common property (i.e. from a mobile phone tower) a taxable supply, pursuant to section 9-5 and Division 195-1 of the GST Act?
Answer
No.
This scheme commences on:
December 2018
Relevant legislative provisions
A New Tax System (Goods and Services Tax) Act 1999 section 9-5
A New Tax System (Goods and Services Tax) Act 1999 Division 195-1
Income Tax Assessment Act 1997 section 995-1
Income Tax Assessment Act 1997 Division 17
Income Tax Assessment Act 1997 Division 27
Income Tax Assessment Act 1997 section 59-35