A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  

Note:

The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.

Division 75 - Sale of freehold interests etc.  

75-13   Working out margins to take into account supplies to associates  

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In working out the * margin for a * taxable supply of * real property you make to an entity who is your * associate at the time of the supply, treat the *consideration for the supply (whether or not the supply was for consideration) as if it were the same as the * GST inclusive market value of the interest, unit or lease at the time of the supply.

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History

S 75-13 amended by No 145 of 2008, s 3 and Sch 1 item 8, by inserting " (whether or not the supply was for consideration) " after " for the supply " , effective 9 December 2008. For application provision, see history note under s 75-5(1B).

S 75-13 inserted by No 78 of 2005, s 3 and Sch 6 item 16, applicable, and taken to have applied, in relation to supplies made on or after 17 March 2005.

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