Private ruling: GST and sale of property as a going concern
Date of advice: 7 July 2021
Published: September 2021

Ruling: Q1: Based on the information provided to the Australian Taxation Office, will the sale of the Property under the sale contract entered between the vendor and the purchaser be a GST-free supply of going concern under section 38-325 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act)? | A1: After considering all the information given to us, yes, the sale of the Propertyunder the sale contract between the vendor and the purchaser will be a GST-free supply of going concern under section 38-325 of the GST Act.




Subject: GST and sale of property as a going concern: In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided