GST treatment of purchases that relate to making financial supplies

Find out the GST status and whether reduced GST credits are available for purchases.

Last updated 9 April 2017

Table: Flotation
Supply	GST status	Reduced GST credits available?
Professional advice on whether or not to float your company	Taxable	No.
Fees and charges for advice, research, information, analysis or other similar services about corporate restructuring	Taxable	No – this does not form part of the arrangement of providing an interest in a security. For more information, refer to line J13 in GSTR 2002/2.
Due diligence, expert reports, for example investigating accountants, independent review of director's forecasts, valuations and ratings	Taxable	No – unless it forms part of the service of arranging the float.
Services connected with arrangement of the float	Taxable	Yes.

Table: Prospectus costs
Supply	GST status	Reduced GST credits available?
Legal and accounting advice	Taxable	No
Art and design work	Taxable	No
Printing costs	Taxable	No
Mailing costs	Taxable	No

Table: Listing and supply of shares
Supply	GST status	Reduced GST credits available?
Marketing and promotional activities by company representatives	Taxable	No
Marketing and promotional activities provided by the entity arranging the float	Taxable	Yes – it forms part of the service of arranging the float.
Brokerage	Taxable	Yes
Share registry services for the float	Taxable	Yes
Underwriting shares as a financial supply provider	Input taxed	Not applicable
Best endeavours underwriting	Taxable	Yes
ASX membership and listing fees	Taxable	No
ASIC document lodgment fees	No GST applicable	Not applicable

QC17325