*Please note that the links to the content in this Part will direct you to Westlaw AU. If you are using Checkpoint, the links can be found in the CP PDF at the bottom of this post.
The latest issue of the Australian GST Journal (Volume 14 Part 3) contains the following material:
CASE NOTE – Gina Lazanas and Robyn Thomas
- AP Group case postscript: The Commissioner’s views on the decision
Article
When is a renovation one too many so as to become an “enterprise†for GST purposes? – Jennifer Batrouney and Angela Lee
An individual may purchase a residence, live in it, renovate, extend or subdivide it, and then sell it, often at a gain. Such activities would generally not constitute an “enterprise†for GST purposes. However, depending on the nature and extent of a homeowner’s activities and the manner in which they are carried out, the homeowner may be found to be selling the properties in the course or furtherance of an enterprise. In this case, GST liabilities and reporting obligations may arise. This article examines what activities relating to one’s residence could constitute an enterprise, the GST implications that could follow, and how a homeowner’s GST risks could be managed.
To purchase this article, complete the Individual Article Sale order form and email it to [email protected].
For the pdf version of the table of contents, click here: WAU – AGSTJ Vol 14 Pt 3 Contents or here: CP – AGSTJ Vol 14 Pt 3 Contents.
