SearchLeasee GST claims
Graeme asks:
(updated on Monday, November 26th 2018)
Our family trust purchased a small town commercial property. The vendor and our trust were not GST registered. We then leased this property for around $10,000 per year with nil GST. Can the leasee who is GST registered claim GST on the lease payments?
Our Experts Answer:
I will cut to the chase here: Because you are not registered for GST, you are not charging the lessee GST for the use of the property. Accordingly, they are not paying you GST and therefore there is no GST for them to claim on the lease payments.
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