In Toyama Pty Ltd v Landmark Building Developments Pty Ltd [2006] NSWSC 83 the New South Wales Supreme Court considered the GST treatment of the sale of disused residential property with a development approval for the erection of a 14-unit development upon the land. A house was built upon p...
Section 75-5(1) applies to work out the amount of GST on “a taxable supply of real property” where, relevantly, the taxable supply takes the form of a sale of a freehold interest in land: s 75‑5(1)(a). The Commissioner’s contention focusses on the word “supply”, whereas ...