Life, Death and Taxes – Insights by Mr Henshaw
‘PLUS’ GST CASE – COURT OF APPEAL MUDDIES THE WATERS
The Victorian Court of Appeal has reversed a Supreme Court decision on whether the purchase price in a sale of land contract was GST-inclusive or GST-exclusive. The Court of Appeal held that the word ‘GST’ should be read as ‘plus GST’. The decision has significant ramifications for sale of land contracts where parties have written something in the ‘GST box’ other than the words ‘plus GST’.