Sale of ‘residences’ normally do not attract capital gains tax, unless the sale is part of an enterprise. Australian courts have been inconsistent in interpreting the expression ‘intended to be occupied and is capable of being occupied as a residence’ in the GST legislation. This article explores whether a consistent approach has now emerged.
Tretola, John; Villios, Sylvia; and Callea, Pasqualina
"GST and residential premises - which intention is relevant?,"
Revenue Law Journal:
1, Article 6.
Available at: http://epublications.bond.edu.au/rlj/vol21/iss1/6