Margin Scheme definition
Examples of Margin Scheme in a sentence
In this clause: Adjustment Note, Consideration, GST, GST Group, Margin Scheme, Money, Supply and Tax Invoice have the meaning given by the GST Law.
In this clause: Adjustment Note, Consideration, GST, GST Group, Margin Scheme, Money, supply and Tax Invoice have the meaning given by the GST Law.
Either The sale is not a taxable supply or The Margin Scheme applies and the Sale Price includes GST or The GST-free Going Concern concession applies and/or The GST-free Farm Land concession applies and/or If the treatment above does not apply: The Sale Price includes GST or The Sale Price is plus GST GST Withholding Treatment (See Standard Condition 11) Mark a box to indicate the GST Withholding Treatment.
Warning The Seller is warranting that the Margin Scheme can apply.
Mark 1 box only ■ WARNING: Do not complete Item GST3 if Item GST1 (Going Concern) or Item GST2 (Margin Scheme) are marked Yes Yes If Yes, clause 11.4 (Purchase Price includes GST) applies.
If in doubt about using the Margin Scheme you should seek professional advice.
The Seller must not apply the Margin Scheme to the Supply of the Property if clause 11.6 does not apply.
We and you agree that the Margin Scheme is to apply in working out the amount of any GST on the sale of the Property by us under this Contract.
The Buyer and the Seller agree that the Margin Scheme applies to the Supply of the Land.
In this clause: Adjustment Event, Adjustment Note, Consideration, GST, GST Group, Margin Scheme, Money, Supply, Tax Invoice and Taxable Supply have the meaning given by the GST Law.