#### 18‑60 Credit—payment relating to taxable supply of real property (1) An entity is entitled to a credit if: (a) the entity is liable for \*GST on a \*taxable supply to which subsection 14‑250(2) applies; and (b) another entity made a payment under section 14‑250 in relation to the supply. (2) The amount of the credit is an amount equal to the amount of the payment. (3) The credit arises when an assessment has been made of the entity’s \*net amount for the \*tax period of the entity in which the payment was made.

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Section 18‑60 Credit—payment relating to taxable - Taxation Administration Act 1953 - 18‑60 Credit—payment relating to taxable supply of real property — Zoe