The upcoming BAS is due and a company commenced massive renovations for one of it’s commercial rental building (office building) because the office building is really old and also to pretty it up. This office building is used purely for work by the tenant and the tenants will come back after works are done. So the owner of the building does receive rental income and there is GST on sales. There’s no plan to sale after the renovations. However, what about the treatment of all the GST paid on the renovation?
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282 views1 replies
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282 views
1 replies