Private ruling: Sale of property and nominal consideration
Date of advice: 14 May 2021
Published: August 2021

Ruling: A1: The Commissioner has ruled on each of the specific questions.




Subject: Sale of property and nominal consideration: In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided: | Issue: This ruling concerned GST and the application of section 38-250 of A New Tax System (Goods and Services Tax) Act 1999 in relation to the sale of property .