GST - taxable activity

This interpretation statement sets out the Commissioner’s view on the meaning of “taxable activity”.  The Commissioner has discussed this concept in numerous public items, but generally in a specific context such as subdivisions of land, horse racing or horse breeding.  This statement is of more general application. It replaces GST on disposal of assets used principally in making exempt supplies Tax Information Bulletin Vol 1, No 7 (January 1990), 6 and Whether an activity is a GST taxable activity or a hobby Tax Information Bulletin Vol 6, No 14 (June 1995), 5.