Claiming GST On Second Hand Goods

Posted 8/10/2008 Updated 16/10/2008

If you buy an asset (such as a business vehicle or tools) from a person who is not GST registered (and you are), you can claim GST in your GST return as a second hand goods claim. However you do need to keep a note of where, who from and when you made the purchase – where possible it can be wise to ask the seller to sign a note saying you’ve bought the item from them.

Related Items: GST | Record Keeping | Tax Returns

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