Co-ownership of property in Australia and goods and services tax

Two recent developments in Australian GST law and practice will have a significant effect on owners of real property in Australia. In the first place, the Australian Taxation Office released a ruling on tax law partnerships and GST and, secondly, as regards supplies made to offshore property owners, the GST law was amended with effect from 1 April 2005. In this article, the author describes the consequences of those events for co-owners of property in Australia.