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A New Tax System (Goods and Services Tax) Act 1999
75‑20 Supplies under a margin scheme do 75‑20 Supplies under a margin scheme do not give rise to creditable acquisitions
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75‑20 Supplies under a margin scheme do not give rise to creditable acquisitions
(1) An acquisition of a freehold interest in land, a *stratum unit or a *long‑term lease is not a *creditable acquisition if the supply of the interest, unit or lease was a *taxable supply under the *margin scheme. (2) This section has effect despite section 11‑5 (which is about what is a creditable acquisition).