Separate property and service supplies
Non-residential sales are taxable; residential sales are exempt. Mixed developments require separating approved uses and the related construction input tax. GST on residential construction is generally not recoverable, while eligible commercial construction costs can be claimed. Estate maintenance fees and sinking funds can be taxable even for a residential development, and furniture or fittings sold with a home require separate consideration.
Track payments and completion events
Option fees, deposits and progressive payments follow the applicable invoice/payment triggers. For the remaining property proceeds, legal title transfer or availability for occupation can trigger tax before the buyer pays in full. Keep sale schedules, invoices, TOP-related occupation records and cost allocations. Partial-exemption developments must also consider imported-service and low-value-goods reverse charge, applying the relevant recovery and longer-period adjustments.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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