Private ruling: Going concern
Date of advice: 26 June 2018
Published: September 2018
Ruling period: Tax Period ending 30 April 201X

Ruling: Q1: Is the supply of a lease over real property a supply of a going concern, pursuant to A New Tax System (Goods and Services Tax) Act 1999 - Subdivision 38-J? | A1: No.


Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999 Subdivision 38-J

Reasons for decision: Summary: In summary, based upon the facts as at this point in time, we are of the view that the purchaser’s acquisition will not be an acquisition of a GST-free going concern, pursuant to Subdivision 38-J of the GST Act.