Hello, I have a question regarding GST when a SMSF purchases a commercial property. My SMSF is registered for GST. I plan to buy a commercial property in the near future with the SMSF, with borrowing. The property is likely to be vacant at the time of sale, and therefore not a 'going concern'. I have been doing a LOT of reading on the ATO website and elsewhere to determine if claiming back the GST (about $40k) will be a straightforward process, and if there are any associated traps or pitfalls. I found a number of things that I couldn't clarify, they are: 1. I found one or two references that made mention of different rules if the property was build before 2000. In my case it will pre-date 2000. 2. I also noted circumstances around 'where the seller has used the margin scheme to calculate GST'.. 3. And what if the seller is not registered for GST.. I'd like to know exactly what circumstances will permit the return of the full amount of GST and any circumstances surrounding the transaction which could prohibit the GST being refunded. MANY thanks, b73.