We are often asked to clarify the compulsory zero rating rules that apply to all land transactions between GST registered people.
With tourists flocking back and renewed interest in holiday let properties and serviced apartments, which are generally subject to GST, it’s important to gain an understanding of these rules.
The compulsory zero rating rules (CZR) were introduced during the GFC because the government became concerned deals were slipping through the cracks with refunds being issued to buyers where insolvent vendors
