A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 75.20 Supplies under a margin scheme do not give rise to creditable acquisitions
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 75.20
Supplies under a margin scheme do not give rise to creditable acquisitions(1) An acquisition of a freehold interest in land, a * stratum unit or a * long - term lease is not a * creditable acquisition if the supply of the interest, unit or lease was a * taxable supply under the * margin scheme.
(2) This section has effect despite section 11 - 5 (which
is about what is a creditable acquisition).