This Draft GST Ruling, issued on Wed 30.10.2013, considers whether a moveable home estate is commercial residential premises and how s 9-5 and s 40-35 of the GST Act would apply to the following transactions:
- the supply by way of lease or licence of a moveable home site to a resident [taxable supply];
- the supply by way of sale of a moveable home before it is placed on land and installed ready for occupation [taxable supply, unless input taxed under s9-30(4) of the GST Act];
- the supply by way of lease or licence of both a moveable home site and a moveable home to a resident [input taxed supply of residential premises]; and
- separate supplies of a moveable home site by way of lease or licence and a moveable home by way of sale to a resident [if separate, see above].
DATE OF EFFECT: When the final Ruling is issued, it is intended to apply both before and after its date of issue.
COMMENTS are due by 29 November 2013. ATO Contact: Stephen Iselin – Tel: (07) 3213 8417; Fax: (07) 3213 8069; Email: steven.iselin@ato.gov.au.
[LTN 210, 30/10/13]