GST rules on commercial property sale

[CraigD]

We are selling our commercial rental which is owned by our GST registered LTC. When we purchased in 2013 we did not claim GST on the purchase cost. We will most likely be selling to another GST registered buyer. What happens with the GST on this transaction i.e. does anyone need to pay GST?

[donna]

Hi CraigD,

See this from IRD....

regards,

Donna