The ATO has updated the web guidance to help you work out if your charitable organisation’s supplies of accommodation are GST-free. If you are an endorsed charity that supplies accommodation, or a registered tax or BAS agent who deals with charity housing groups, then the updates may have an impact on you.
The updated guidance for 2019-20 includes:
- detailed long-term accommodation tables
- transitional benchmark market values for long-term accommodation
An endorsed charity has supplies that are GST-free if they provide them for nominal consideration, which means the total payments are:
- less than 75% of the GST-inclusive market value for supplies of accommodation
- less than 50% of the GST-inclusive market value for supplies other than accommodation.
Endorsed charities that are registered with Australian Charities and Not-for-Profits Commission (ACNC) must also be endorsed by the ATO to access GST charity concessions.
To view the ATO guidance in full, click here.