| Disclaimer This edited version has been archived due to the length of time since original publication.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 private advice
Authorisation Number: 1051598355602
Date of advice: 23 October 2019
Ruling
Subject: Non-taxable supply of real property
Question
Is the supply of the interest in real property a taxable supply?
Answer
No, the supply is not a taxable supply as it was not made in the course of an enterprise.
This ruling applies for the following periods:
1 July 2018 to 30 June 2022
Relevant facts and circumstances
You bought an interest in property and are now selling it.
Relevant legislative provisions
A New Tax System (Goods and Services Tax) Act 1999, section 9-5.