The Rural Roundup FINDEX FRIDAY - GST changes for farmhouses
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16 September 2022
1 min read
16 September 2022
The Rural Roundup FINDEX FRIDAY - GST changes for farmhouses
On this episode of The Rural Roundup’s Findex Friday Senior Tax Partner Craig Macalister talks through the rollercoaster treatment of the farmhouse for GST over the last few years, he shares the current position for farmers and what it means for GST in relation to their farm homestead.
Craig talks through:
Where the GST cost on the sale of the farm house came from
The changes over the many years, going back to 1995
The most recent changes in the GST law regarding farm dwellings
The good ladder out of the hole on GST farm dwellings