GST for Trust

Discussion in 'Accounting & Tax' started by Anjohn, 5th Oct, 2020.

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  1. Anjohn

    Anjohn Well-Known Member

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    Hi, if I have properties all under one family trust, and I expect the total rental income is over $75,000 per annum, is the Trust required to register for GST?
     
    Anjohn, 5th Oct, 2020
    #1
  2. qak

    qak Well-Known Member

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    Is the rent residential or commercial?
     
    qak, 5th Oct, 2020
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  3. Anjohn

    Anjohn Well-Known Member

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    Residential, thanks
     
    Anjohn, 5th Oct, 2020
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  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    No
     
    Terry_w, 5th Oct, 2020
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  5. Gen-Y

    Gen-Y Well-Known Member

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    No for residential as far as I know - doesn't matter if it is over $75k threshold.
     
    Gen-Y, 5th Oct, 2020
    #5
  6. Anjohn

    Anjohn Well-Known Member

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    Thanks for replies
     
    Anjohn, 5th Oct, 2020
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