Do i need an ABN to purchase a property under the Farmland Exemption

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LandGST2024

(Initiate)Initiate

24 Jan 2024

I asked a question previously and TonyATO was very kind and provided me with great responses.

I forgot to ask one question.

I am looking at purchasing a property under the Farmland GST Exemption.

I am leasing the property back to the seller at no charge so he will be the one “carrying on a farming business on the land” and his cattle will keep the grass under control).

i understand I do not have to be registered for GST.

My question is:

As I am not deriving any income from the property, do I need to have an ABN (I don’t think I would be eligible for an ABN as I’m not running a business and I’m not deriving any income)?

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