NZ - GST
Nov 29th 2001, 1:24 pm
#1
Just Joined
Thread Starter
Joined: Sep 2001
Posts: 28
Is GST payable on private property purchases, ie the family home? I've searched the net but all I seem to have established is that GST seems to be payable on the purchase of commercial properties, eg Bed + Breakfast establishments.
Cheers - Jez
Cheers - Jez
Nov 30th 2001, 5:18 am
#2
Guest
Posts: n/a
No. You pay GST when you make money from your propriety (AFAIK).
"weathej" <[email protected]> :
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"weathej" <[email protected]> :
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Dec 5th 2001, 11:36 am
#3
Guest
Posts: n/a
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I think private homes are exempt, but I'm not a Kiwi... yet
) so don't take my
word for it.
Winnie xx
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I think private homes are exempt, but I'm not a Kiwi... yet
) so don't take myword for it.
Winnie xx
Dec 7th 2001, 5:39 pm
#4
Just Joined
Joined: Aug 2001
Posts: 23
GST is not paid on the vast majority of private property purchases.
If you buy a lifestyle block/acreage (with or without a house on it) you may sometimes have to pay GST if the previous owner ran a GST registered business. If there is a house on the acreage you will pay GST only on the value of the land, not the value of the house.
http://www.emigratenz.com
If you buy a lifestyle block/acreage (with or without a house on it) you may sometimes have to pay GST if the previous owner ran a GST registered business. If there is a house on the acreage you will pay GST only on the value of the land, not the value of the house.
http://www.emigratenz.com
