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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: 1052002112172

Date of advice: 7 July 2022

Ruling

Subject: Carrying on an enterprise

Question

Will goods and services tax (GST) be payable by you on the transfer of a property located in Australia into the names of the directors of your corporate trustee.

Answer

No.

This ruling applies for the following period:

7 July 20XX to 6 July 20XX