Farmland, Bed & Breakfast, GST

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 · Accepted Answer

StephATO · Answer

Operating a B&B is considered residential accomodation. So it is input taxed. Similarly, the sale of the property it is input taxed, unless it is considered new residential property in which case GST at settlement applies. https://www.ato.gov.au/business/gst/in-detail/your-industry/property/gst-and-residential-property/?page=2

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