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A New Tax System (Goods and Services Tax) Act 1999
87‑5 Commercial residential premises tha87‑5 Commercial residential premises that are predominantly for long‑term accommodation
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87‑5 Commercial residential premises that are predominantly for long‑term accommodation
(1) The value of a *taxable supply of *commercial accommodation that: (a) is provided in *commercial residential premises that are *predominantly for long‑term accommodation; and (b) is provided to an individual as *long‑term accommodation; is 50%, or such other percentage as is specified in the regulations, of what would be the *price of the supply if this Division did not apply. (2) This section has effect despite section 9‑75 (which is about the value of taxable supplies).