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

No. You pay GST when you make money from your propriety (AFAIK).

"weathej" <[email protected]> :
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I think private homes are exempt, but I'm not a Kiwi... yet :o) so don't take my
word for it.

Winnie xx

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

Thanks - Jez