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Substantially renovated home

Issued date
16 October 2024

Learn more about news from QRO that relates to the areas you’re interested in.

A home that:

is the subject of a contract to purchase a home
is being sold as a taxable supply of new residential premises as defined under section 40-75(1)(b) of the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth)
has not been lived in since the renovation