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Not-for-profit community

This community is designed to keep you up to date on the latest tax issues affecting the not-for-profit sector. It’s also an opportunity for you to ask questions, raise concerns and have your say on how we can improve our communication with you.

This community is designed to keep you up to date on the latest tax issues affecting the not-for-profit sector. It’s also an opportunity for you to ask questions, raise concerns and have your say on how we can improve our communication with you.

  • GST and supplies by charities for nominal consideration – benchmark market values

    4 days ago
    GST and supplies by charities for nominal consideration – benchmark market values consultation is now CLOSED.

    Published: Friday 7 December, 2018

    Consultation outcome/results

    Thank you for providing us with feedback on our guidance GST and supplies by charities for nominal consideration - benchmark market values which was updated to help you determine if your charitable organisation's supplies of accommodation and meals are GST free.

    We received two pieces of feedback via Let’s Talk and a number of responses through our GST mailbox.

    The common feedback themes were:

    • Requesting additional locations for the updated long-term accommodation benchmark market rents.
    • Requesting clarity around the use of benchmarks for the term of...

    Published: Friday 7 December, 2018

    Consultation outcome/results

    Thank you for providing us with feedback on our guidance GST and supplies by charities for nominal consideration - benchmark market values which was updated to help you determine if your charitable organisation's supplies of accommodation and meals are GST free.

    We received two pieces of feedback via Let’s Talk and a number of responses through our GST mailbox.

    The common feedback themes were:

    • Requesting additional locations for the updated long-term accommodation benchmark market rents.
    • Requesting clarity around the use of benchmarks for the term of a tenancy agreement for long-term accommodation.

    The ATO will respond to this feedback in the following way:

    • We will update our guidance to clarify how the benchmarks apply in relation to term of tenancy agreements, in particular, where that tenancy agreement exceeds 12 months.
    • As the data provider only provided us with the data for the locations as shown on our guidance, we cannot provide benchmark market rents for long term accommodation for additional locations.

    Published: Friday 21 September, 2018

    Do you have any feedback on GST and supplies by charities for nominal consideration – benchmark market values?

    We have recently updated our web content on GST and supplies by charities for nominal consideration - benchmark market values. We have provided updated guidelines on when you qualify to use the benchmark market values. This includes guidance on what you need to do if you already have a market valuation, more detailed benchmark market values for supplies of long-term accommodation and transitional arrangements. We want to see if our guidance on when you qualify to use the benchmark market values and the transitional arrangements is easy to understand. We will look to improve the web content based on your feedback.

    The GST and supplies by charities for nominal consideration – benchmark market values webpage

    Consultation closes on Friday 26 October, 2018.

    Use our confidential feedback form to have your say.

    Published: Tuesday 28 February, 2017

    Review of GST and non-commercial rules - benchmark market values (QC 32370).

    Background:

    We are currently reviewing this publication with particular attention to Table 5: Long-term accommodation – weekly figures.

    Accommodation supplied by an endorsed charity or gift-deductible entity is GST-free if the consideration received for the accommodation is less than 75% of market value including GST.

    The weekly accommodation rates in Table 5 are provided to assist those in the industry by relieving the administrative costs associated with obtaining independent market valuations and are one option that may be used to determine the GST status of supplies of long term accommodation. Entities are also able to obtain their own market valuations and are not required to rely on the figures in Table 5.

    The long-term accommodation weekly figures currently contained in Table 5 remain appropriate for the 2015, 2016 and 2017 years.