GST tax question for property that is leased out at half commercial/half residential

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(Enthusiast)Enthusiast

4 May 2024

Hi there,

Our business owns a property that has a shopfront at the front and a residential dwelling at the back which are leased out to two different individuals/entities.

Our business is registered for GST and I was just wondering if we should only seperate the GST credits and debits for anything relating to the shopfront or would it be for property as a whole? e.g we have a real estate agent who charges GST for managing the lease at the back of the property so would we include that as a GST credit on our BAS statement?

Appreciate any help that can be provided.

Cheers Earnist- Mastiff

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