Deposit from tenant

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26 Points Posted on 09 September 2022
if you forfeit deposit as person not paying rent what is impact of gst
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On 09 September 2022 at 21:18 Report
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This discussion clarifies the Goods and Services Tax (GST) implications when a tenant's deposit is forfeited due to non-payment of rent. For residential properties, there is generally no GST impact on forfeited deposits. However, the presence of a written, registered agreement between the owner and tenant is a key factor in determining GST applicability.

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GST Practitioner & Accounts
15140 Points Posted on 10 September 2022
Is there any written registered agreement between owner and tenant?.
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On 10 September 2022 at 09:38
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137 Points Posted on 10 September 2022
If it is residential property... then no impact on gst
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On 10 September 2022 at 10:38

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