Hi all
Speaking of tax implications, I am thinking of buying a serviced apartment/room in an Ibis Hotel in Melbourne. (The return is very good).
The property is leased out for nine more years pursuant to a commercial lease to the company operating the hotel.
Does anyone know if GST is payable on the rental in such circumstances?. (I would be the lessor in my personal name, and I am not otherwise carrying on an enterprise or registered for GST).
Many thanks, John
