Watch Out for This GST Trap in Retirement Village Deals
When you buy an operating retirement village as a “going concern,” the sale is GST-free. Sounds great, right? But here’s the catch many buyers miss. If you plan to keep running the village and leasing accommodation to residents (which is an input-taxed supply), you’ll likely face a GST increasing adjustment after the sale closes. This isn’t a small fee—it…
