| Disclaimer 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: 1051907097208
Date of advice: 2 November 2021
Ruling
Subject: GST and sale of vacant land after boundary realignment
In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided:
Question
Based on the information provided to the Australian Taxation Office, was your sale of the small lot of the vacant land located in Australia a taxable sale under section 9-5 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act) and therefore subject to GST?
Answer
After considering all the information you gave to us your sale of the small lot of the vacant land located in Australia was a taxable supply under section 9-5 of the GST Act.