- ATO is developing advice on supplies of land with no improvements involving multiple titles
- Addendum to Goods and Services Tax Ruling GSTR 2006/6 is being updated
- Reflects decision of Full Federal Court in Commissioner of Taxation v Landcom [2022] FCAFC 204
- Each lot of a single piece of land with separately titled lots is considered separately
- Draft update published on 20 March 2024, comments period closed on 19 April 2024
- Expected completion of the update is in October 2024.
Source: ato.gov.au
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
