Private ruling: GST
Published: August 2014

Ruling: This ruling considered a number of issues in relation to a supply of land and the development of property. | The Commissioner ruled that: | 1. The supply of real property by the rulee was not a supply that is eligible for the margin scheme pursuant to Division 75 of the GST Act. | 2. (a) The supply by the rulee under a development agreement was not a supply to which section 156-5 of the GST Act would apply. | 2. (b) The Commissioner's Determination as set out in the A New Tax System (Goods and Services Tax) (Particular Attribution Rules Where Total Consideration Not Known) Determination (No 1) 2000 will apply to the supply made by the rulee under a development agreement. | 3. There is no additional consideration for the grant of the lease.


Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999 Division 9, | A New Tax System (Goods and Services Tax) Act 1999 Division 29, | A New Tax System (Goods and Services Tax) Act 1999 Division 75, | A New Tax System (Goods and Services Tax) Act 1999 Division 156 and | A New Tax System (Goods and Services Tax) Act 1999 Section 195-1