My client bought a farm with a house, a cottage and a glasshouse on the farm. This farm was purchased in 2002 with GST zero-rated. The house and cottage were rented to my client as residential rental and no GST charged on rental. The glasshouse was rented out with GST. Now client is looking to sell the farm including the house, cottage and glasshouse. How to fill out the sales agreement?
i.e. What is the correct GST treatment for this sale?
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