New Zealand Tax Agency Issues Public Rulings on GST for Transitional Housing Properties

The New Zealand Inland Revenue June 7 issued Public Ruling Nos. BR Pub 24/01, BR Pub 24/02, and BR Pub 24/03, and accompanying Fact Sheet BR Pub 24/01-24/03 FS, clarifying the GST treatment of supplies of properties by landlords to organizations for use in the Ministry of Housing and Urban Development’s (HUD’s) Transitional Housing Program. The rulings include measures to: 1) specify the types of properties used for transitional housing purposes; 2) establish the scope of commercial dwellings and supplies of properties exempt from GST; 3) provide relevant definitions and examples; 4) set a procedure to determine exemptions from GST, ...