I am considering the purchase of a retail commercial property and I am not currently GST registered. The tenant pays his rent plus GST and I understand that I will need to become GST registered and this GST component will be passed onto IRD.
I will be buying this new property in a different entity to another commercial property that I already own, where the GST is not passed onto IRD because I am currently under the $60,000 threshold with this property.
Will the purchase of my new property have any GST implications on my existing property, despite being in a different entity.
Of course I will get advice from an accountant but just interested in opinions of others.
I will be buying this new property in a different entity to another commercial property that I already own, where the GST is not passed onto IRD because I am currently under the $60,000 threshold with this property.
Will the purchase of my new property have any GST implications on my existing property, despite being in a different entity.
Of course I will get advice from an accountant but just interested in opinions of others.
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