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VIC Is GST Payable on Rent Received for Commercial Property?

Discussion in 'Property Law Forum' started by Tizzma, 22 September 2015.

  1. Tizzma

    Tizzma Active Member

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    Is GST payable on the rent received for a commercial property entered into after 1 July 2000, and who is responsible for payment under Property Law?
     
  2. James D. Ford - Solicitor

    James D. Ford - Solicitor Well-Known Member

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    Generally speaking, GST is payable on the rent for commercial property by the owner of the property... if they are registered or required to be registered for GST, and carrying on an enterprise... and the annual income exceeds the threshold... but this responsibility is typically transferred to the tenant and added to the rent due and payable by the tenant pursuant to the Lease Agreement.

    Here is the ATO position:

    Leasing and renting commercial premises | Australian Taxation Office

    Kind regards
     
  3. Tizzma

    Tizzma Active Member

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    Thanks for your prompt reply. You're AWESOME!
     

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