How to get Farm Land GST-Free: Farm Land vs Going Concern Exemption

Selling farm land? Learn how to qualify for GST-free treatment and navigate farm land vs going concern exemptions with confidence.

In this session, we cover:

• Why does the GST-free classification of farm land matter

• The first steps of what to know and consider

• The GST-free farm land provision in the GST Act

• Use of land and activities of owner or tenant

• What happens if farming doesn’t happen due to change of mind or circumstances

• GST-free farm land vs GST-free going concern - the critical differences

• Common errors and how to avoid them

• Other issues to consider

• Two polls - your views during the session