GST and the application of the margin scheme to taxable supplies to associates for no consideration
15 April 2013
An entity can use the margin scheme to work out the GST payable on a taxable supply of real property that was held prior to 8 December 2008 and made after 24 March 2010 to an associate for no consideration where the associate will not use the real property for a fully creditable purpose, subject to the provisions of subsection 75-5(3) of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act).