I paid GST on a property purchase as an individual. Can I claim a refund?

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TeddyATO · Answer

Unfortunately you wont be able to claim the GST back as it wasn't a business expense. As for the GST charge on the property the fact that GST isn't required is a myth. GST has been needed on new property purchases for a rather long time, however alot of people didn't understand that. As of 01 July 2018 we had to put a GST at settlement (https://www.ato.gov.au/business/gst/in-detail/your-industry/property/gst-at-settlement/) process in place to make sure it was being paid. Even though there was a tenant for a short period of time it would still be eligible. You can see that under the excluded and included properties on the GST at settlement link above.

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