Private ruling: Non-taxable supply of real property
Date of advice: 23 October 2019
Published: December 2019
Ruling period: 1 July 2018 to 30 June 2022

Ruling: Q1: Is the supply of the interest in real property a taxable supply? | A1: No, the supply is not a taxable supply as it was not made in the course of an enterprise.

Relevant facts and circumstances: You bought an interest in property and are now selling it.

Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999, section 9-5.