Home – New Forums Money matters Brought a business through Vendor finance, GST problems Reply To: Brought a business through Vendor finance, GST problems

#1013185
Past-Member
Member
  • Total posts: 1,815
Up
0
::

Dear Leanne, I really think you should get some free advice from the ATO at http://www.ato.gov.au You don’t have to give your name or ID if you don’t wish to.

From what I understand, if you have a loan you can claim the GST of the monthly GST for the period of the BAS. If you pay the amount outright (no loan) then you can claim the whole amount in one go. But please check with the ATO.

Also, the NSW Government has a great new website we saw advertised at Flying Solo Live today.

See http://www.smallbiz.nsw.gov.au Maybe you should give them a call?