Hi,
My client is an individual who purchased a vacant land from an individual and sold it to an individual. Is my client need to pay GST as neither his seller was a gst registered person neither he himself is a GST registered person. The contract did not mentioned any Margin scheme while property was sold.
This forum can't provide an answer you can rely on. Check the following link (section GST consequences)
Tax consequences on sales of property | Australian Taxation Office
From link.
"If your gain or loss is capital because you merely realised the property value and didn't use the land in an enterprise, your sale will generally not be subject to GST."
For a binding ATO answer request a private ruling. See below.
GST on the sale of vacant or subdivided land – supporting information | Australian Taxation Office
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