Private ruling: Goods and services tax and annual ownership costs

Ruling: Q1: Are annual ownership costs paid to Entity A by the Product owners in Facility 1 owned by the Entity A consideration for a supply made by Entity A? | A1: Yes, annual ownership costs paid Entity A by the Product owners in Facility 1 owned by the Entity A are consideration for a supply made by Entity A. | Q2: If the answer to Question 1 is yes, is the supply taxable or input taxed? | A2: The supply is input taxed. | Q3: Are the annual ownership costs paid to Entity A by the Product owners in Facility 2 owned by Entity C consideration for a supply made by Entity A? | A3: No, the annual ownership costs paid to Entity A by the Product owners in Facility 2 owned by Entity C are consideration for a supply made by Entity C. | Q4: If the answer to Question 3 is yes, is the supply taxable or input taxed? | A4: The supply is input taxed. | Q5: If the answer to either Question 1 or 3 is no, has GST been incorrectly paid and hence overpaid by Entity A? | A5: Yes, GST has been incorrectly paid and hence overpaid by Entity A.




Please check this edited version to be sure that there are no details remaining that you think may allow you to be identified. Contact us at the address given in the fact sheet if you have any concerns. | Subject: Goods and services tax and annual ownership costs: The rulee asked the following questions and the Commissioner has ruled on each of the specific questions.