The supply of existing residential premises is an input taxed supply under sections 40–35 of the Goods and Services Act, hence any rental expenses on-charged to tenants by real estate agents or landlords are not subject to GST irrespective of whether the agent or landlord is registered for GST. However, any associated fees for, say, an agent’s services would be subject to GST provided the agent is registered for GST.
Commercial residential premises will attract GST on the same basis as for other commercial properties.
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