Blog tagged as GST

The margin scheme can significantly cut GST on a property sale by taxing only the margin rather than the full price, but it requires a written agreement between buyer and seller before settlement — miss that, and it can't be applied retroactively.

Going concern GST-free treatment on a business sale requires six specific conditions to all be met — miss even one, like retaining a "minor" asset the buyer actually needs, and GST applies to the full sale price