CTHIn ForceAct
A New Tax System (Goods and Services Tax) Act 1999
38‑480 Farm land supplied for farming38‑480 Farm land supplied for farming
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38‑480 Farm land supplied for farming
The supply of a freehold interest in, or the lease by an *Australian government agency of or the *long term lease of, land is GST‑free if: (a) the land is land on which a *farming business has been *carried on for at least the period of 5 years preceding the supply; and (b) the *recipient of the supply intends that a farming business be carried on, on the land.