Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
Rebeccaxin(Newbie)Newbie
8 Feb 2022

Hi,


I have a commercial loan with WESTPAC and they do charge the monthly line fee, just wondering is it GST free?


Thanks


Rebecca

5,060 views
1 replies
5,060 views
1 replies

Most helpful response

Most helpful replyATO Certified Response

BlakeATO(Community Support)Community Support
ATO Certified Response10 Feb 2022

Hi @Rebeccaxin


Yep!


All parts of a loan (establishment, interest, and monthly account keeping fees) are financial supplies. This means they are not subject to GST.

All replies

Most helpful replyATO Certified Response

BlakeATO(Community Support)Community Support
ATO Certified Response10 Feb 2022

Hi @Rebeccaxin


Yep!


All parts of a loan (establishment, interest, and monthly account keeping fees) are financial supplies. This means they are not subject to GST.

Featured articles

When you need to register for GST

15 Apr 2026 · 4 min read time

Tax tips for managing your side hustle

22 Apr 2024 · 6 min read time

Working for a food delivery app

15 Apr 2026 · 4 min read time

Top liked users

  1. Taxduck

    (Taxicorn)

    346 likes

  2. PayrollDeanne

    (Taxicorn)

    332 likes

  3. Bruce4Tax

    (Taxicorn)

    170 likes

  4. YellowPotato

    (Taxicorn)

    159 likes

  5. Peter_Clyne

    (Superuser)

    99 likes

Top contributors

  1. Taxduck

    (Taxicorn)

    1339contributions

  2. PayrollDeanne

    (Taxicorn)

    1290contributions

  3. YellowPotato

    (Taxicorn)

    604contributions

  4. Bruce4Tax

    (Taxicorn)

    458contributions

  5. YEP

    (Devotee)

    280contributions

Loading
Does monthly line fee GST applicable? | ATO Community