Transcription of GOODS AND SERVICES TAX — WHETHER A RACING …
{{id}} {{{paragraph}}}
1 UNCLASSIFIED QUESTION WE VE BEEN ASKED QB 17/04 GOODS AND SERVICES TAX WHETHER A RACING syndicate CAN BE A REGISTERED PERSON All legislative references are to the GOODS and SERVICES Tax Act 1985 (the Act) unless otherwise stated. This Question We ve Been Asked is about ss 6(1), 6(3) and 51. Question 1. Can a RACING syndicate , whose activities are limited to the ownership (or leasing) of one or more horses to race and the RACING of these horses, be registered for GOODS and SERVICES tax (GST)? 2. The scope of this question is the RACING of horses as a standalone activity. The view expressed does not extend to activities where the horse RACING is an aspect of a wider activity like horse selling, breeding or training. The question relates to horse RACING carried on by a syndicate . However, the same principles will apply where the horse RACING activity is carried on by an individual, a partnership, a trust, a company or any other entity. Answer 3.
1 UNCLASSIFIED QUESTION WE’VE BEEN ASKED QB 17/04 . GOODS AND SERVICES TAX — WHETHER A RACING SYNDICATE CAN BE A REGISTERED PERSON . All legislative references are to the Goods and Services Tax Act 1985 (the Act) unless
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
{{id}} {{{paragraph}}}