Tax code for investment property

May I know the GST tax code for purchase an investment property? This property was purchase under company name. Going to rent out recently. Is it means this company is going to be as a mixed supplier?

More I need to know:
– Tax code for valuer charges
– Tax code for legal charges on SAP
– Tax code for legal charges on bank facility for this property
– Tax code for quit rent and assessment for this property

Regards,

Choo

Asked on April 10, 2018 2018-04-10 03:25:58 Business (商家)
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2 Answer(s)

If you want to claim input tax credit / as a purchaser :

Tax code for valuer charges – TX.

Tax code for legal charges on SAP – TX.

Tax code for legal charges on bank facility for this property – TX.

Tax code for quit rent and assessment for this property – OP.

If you are a supplier and account for output tax payable :

Tax code for valuer charges – SR.

Tax code for legal charges on SAP – SR.

Tax code for legal charges on bank facility for this property – SR.

Tax code for quit rent and assessment for this property – OS.

Answered on April 10, 2018. 2018-04-10 05:59:22

Hi CMS,

tax code for purchase this property also TX? Commercial property

on April 10, 2018. 2018-04-10 06:02:57
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Yes, TX for commercial property and EP for residential property.

Answered on April 10, 2018. 2018-04-10 07:32:33
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