Joan has owned a commercial rental property in Christchurch since 1992. Due to COVID Joan has...
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Joan has owned a commercial rental property in Christchurch since 1992. Due to COVID Joan has struggled to tenant the property and the building has been vacant since the first lock down in April 2020. Joan has just received a letter from Inland Revenue stating that "as she has been filing Nil GST returns, she no longer has a taxable activity and should therefore deregister from GST". Required: With reference to relevant case law, advise Joan whether she still has a taxable activity for GST purposes. Joan has owned a commercial rental property in Christchurch since 1992. Due to COVID Joan has struggled to tenant the property and the building has been vacant since the first lock down in April 2020. Joan has just received a letter from Inland Revenue stating that "as she has been filing Nil GST returns, she no longer has a taxable activity and should therefore deregister from GST". Required: With reference to relevant case law, advise Joan whether she still has a taxable activity for GST purposes.
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Heres a breakdown of the situation and advice for Joan including relevant case law in New Zealand Understanding Taxable Activity In New Zealand a taxa... View the full answer
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