Private ruling: Supply of a going concern
Date of advice: 25 August 2015
Published: August 2015

Ruling: Q1: For the purposes of section 38-325 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act) is the assignment of an interest by A to B in accordance with a Deed the supply of a going concern which is GST-free? | A1: Yes, for the purposes of section 38-325 of the GST Act the assignment of an interest by A to B in accordance with the Deed is the supply of a going concern which is GST-free. | Q2: For the purposes of section 38-325 of the GST Act is the assignment of an interest by A to C in accordance with the Deed the supply of a going concern which is GST-free? | A2: Yes, for the purposes of section 38-325 of the GST Act the assignment of an interest by A to C in accordance with the Deed is the supply of a going concern which is GST-free.




Subject: Supply of a going concern: In order to ensure that commercial confidentiality is maintained a summary of this private binding ruling is provided below.