On which of these property sales is no GST charged?
Correct Answer
B) The sale of an established home by one private owner to another.
Established residential property sales between private parties are input-taxed under GST legislation, meaning they are exempt from GST. Only new residential property and commercial property sales typically attract GST.
Why This Is the Correct Answer
A sale of existing residential premises is input-taxed under the GST Act, so no GST is charged; between private owners there is no enterprise at all, so GST could not apply in any case.
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