Quote Originally Posted by JBmurc View Post
Sounds like my share trading company can also buy Commercial property ....which is brilliant

Now one property I'm very keen on the owner isn't sure round GST on sale etc ...he stated he never claimed any when he purchased 20yrs+ ago so I wouldn't think he wouldn't have to pay any on sale zero-rated ?
Could I then claim GST on purchase?
If he is GST registered he probably bought it zero rated, which is probably why he didn't claim it. Or is the rent under threshold where registration is compulsory? Has he been paying GST on rent? You need to check this with your accountant.