- Inland Revenue published a draft QWBA on 3 March 2025
- The draft states GST does not apply to deposits retained by the seller in a cancelled land sale agreement
- Comments on the draft are due by 17 April 2025
Source: taxtechnical.ird.govt.nz
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.
