The purpose of this paper is to discuss the variety of GST treatments surrounding property transactions. The impact of the GST on a particular property transaction is affected by a number of factors, including : whether the purchaser and vendor are or are required to be registered; whether the transaction is of a residential or commercial nature; whether the property is a freehold interest or is part of a going concern; whether the margin scheme is employed; and whether the transitional rules apply to part or all of the transaction. The paper gives a brief discussion of the basic GST concepts, then examines the effects of these and other relevant factors on the taxable nature of various property related transactions.
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