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