GST – Secondhand goods input tax deduction

This draft interpretation statement discusses the requirements that must be met for a registered person to claim a secondhand goods input tax deduction.  This includes, among other things, a discussion of the requirement that the goods be secondhand and the meaning of secondhand.  This interpretation statement also discusses exceptions and restrictions on the amount of secondhand goods input tax deduction that can be claimed, including where the supplier and the recipient are associated persons.

The fact sheet GST – Meaning of secondhand supports the interpretation statement by summarising the meaning of secondhand.

The fact sheet GST – Secondhand goods input tax deduction requirements – summary supports the interpretation statement by summarising the requirements.

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