Federal Register of Legislation - Australian Government

Primary content

Determinations/Taxation as made
This instrument provides the acceptable methods for valuing real property so that the supplier can use the GST Margin Scheme to calculate the amount of GST payable. The Margin Scheme allows a supplier to calculate the GST payable on the margin for the supply rather than the consideration received for the supply. There will generally be less GST payable on a supply if the Margin Scheme is used.
Administered by: Treasury
Registered 30 Mar 2020
Tabling HistoryDate
Tabled HR08-Apr-2020
Tabled Senate08-Apr-2020
Enabled by
A New Tax System (Goods and Services Tax) Act 1999
C2004A00446No. 55, 1999