Managed or serviced apartments
Many people have bought apartments where the purchase included a lease to a management company, often with a guaranteed rental arrangement.
In many cases these apartments were sold as “going concerns” with the GST charged at 0%, or “zero rated”.
There are conditions attached to this type of apartment. You need to know what they are or you might get an unexpected GST bill when you sell your apartment.
Go to GST and zero-rated apartments
Date published: 30 Jul 2010
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