Catchwords
Taxation – GST – A New Tax System (Goods and Services Tax) Act 1999 (Cth) ("GST Act") – Supply of a going concern – Where respondent purchased premises subject to existing lease – Whether continuing observance of lessor's obligations constituted the making of supplies through an enterprise which were neither taxable supplies nor GST-free supplies – Whether respondent liable to an increasing adjustment under s 135-5 of GST Act – Whether respondent's intended supply of residential premises by way of lease was for a "price" within the meaning of s 9-75 of GST Act.
Words and phrases – "GST", "increasing adjustment", "price", "supply of a going concern".
A New Tax System (Goods and Services Tax) Act 1999 (Cth) – ss 38-325, 40-35, 135-5.