Co-Owner Lessors Of Property Beware

The Australian Tax Office (“ATO”) has warned that co-owners of leased commercial property, acting as a tax law partnership or in an individual capacity, may need to review their GST registration.

The ATO sets out its views on when a tax law partnership carries on the enterprise as opposed to when each owner carries on the enterprise.

I would be pleased to share my extensive indirect tax law experience with you. That includes in-depty legal advice on your GST position.