Disclaimer This edited version has been archived due to the length of time since original publication.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: 1051620654201
Date of advice: 13 December 2019
Ruling
Subject: Goods and services tax (gst) and going concerns
In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided:
Question
Will a Lease of the Leased Area, by you to a third party, be a GST-free supply of going concern pursuant to section 38-325 of the GST Act?
Answer
Yes.
This ruling applies for the following periods:
From December 2019