The ATO issued a Class Ruling (<a href="https://law.ato.gov.au/atolaw/view.htm?docid=%22CLR%2…
A supply of land will be GST-free if the following three conditions are met: 1. the supply is made ‘by the Commonwealth, a State or a Territory’; 2. the supply is of ‘land on which there are no improvements’; and 3. the supply is either of a freehold interest in the land or a supply […]
A specific reporting exclusion is provided for pooled or shared cars. A pooled or shared car is a car that is provided by an employer for the private use of 2 or more employees. Although not specifically in the law, the ATO view is that a car will only qualify for the reporting exemption if […]
The ATO has finalised its Ruling on the manner in which GST applies to various scenarios involving development lease arrangements made between government agencies and private developers (previously issued in draft as GSTR 2014/D5).