A New Tax System (Goods and Services Tax) Act 1999
The special rules
Special rules mainly about supplies and acquisitions
The special rules in this Part mainly modify the operation of
, but they may affect other Parts of
in minor ways.
Sale of freehold interests etc.
(a) you make a *
under the *
(b) the interest, unit or lease in question is one that you acquired through 2 or more acquisitions (
(c) one of the following provisions (a
) applies in relation to such a partial acquisition, or would so apply if the partial acquisition had been an acquisition of the whole of the interest, unit or lease:
the margin provision applies, in working out the margin for the supply you make, only to the extent that the supply is connected to the partial acquisition.
The application of a margin provision in relation to one of the partial acquisitions does not prevent that margin provision or a different margin provision applying in relation to another of the partial acquisitions.
S 75-16 inserted by No 145 of 2008, s 3 and Sch 1 item 9, effective 9 December 2008. For application provision, see history note under s 75-5(1B).