| | Residential property is GST exempt. | | GST
Unlike many business activities, residential property is an ‘exempt activity’ for GST purposes – so investors cannot register for GST. This means you cannot claim back GST incurred on expenses such as repairs and maintenance. As a result, you should claim all expenses on a GST inclusive basis.
This material is for information purposes only. You should seek professional advice related to your individual circumstances. While The National Bank has taken care to ensure that this information is from reliable sources, it cannot warrant its accuracy, completeness or suitability for your intended use. To the extent permitted by law, The National Bank does not accept any responsibility or liability arising from your use of this information. Our lending criteria, terms, conditions and fees apply. | | | |